This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Click here to download the pdf versions of the Digest of case laws
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Sequence of events such as sale, purchase and other consequential transactions not discussed by AO-Revision is held to be valid. [S. 54F]
Muzaffer Mahmood Khan v. PCIT (2020) 77 ITR 62 (SN) (Pune) (Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Allowing depreciation at 100% and allowance of finance cost which is attributable to period prior to commencement of business-Revision is held to be valid. [S. 32, 37(1)]
Delhi Aviation Services Pvt. Ltd. v. PCIT (2020) 77 ITR 22 (SN)/185 DTR 185 /203 TTJ 359 (Delhi)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue– Limited scrutiny–AO is bound to make prima facie enquiry– Revision is held to be valid–Capital or revenue-On merit foreign exchange loss for acquiring capital asset is held to be allowable as revenue expenditure. [S. 43(1), 143(1)]
Baby Memorial Hospital Ltd. v. ACIT (2019) 184 DTR 361/ 202 TTJ 913 / (2020) 77 ITR 484 (SN) (Cochin.) (Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue–Lack of enquiry and non application of mind–Revision is held to be valid – Repayment of brought forward loan–Revision is held to be not valid–Revision is up held partially. [S. 2(22)(e), 43B, 68]
Anand Lilaram Raisinghani v. PCIT (2020) 77 ITR 431 (Mum.)(Trib.)
S. 254(2A) : Appellate Tribunal–Stay-Garnishee notices-Department should wait till disposal of stay petition-Interim stay is granted and garnishee proceedings placed under suspension till disposal of stay petition. [S. 226(3), 254(1)]
Cleared Secured Services Pvt. Ltd. v. Dy.CIT (2020) 77 ITR 93 (SN) / 186 DTR 105 / 203 TTJ 657 (Mum.)(Trib.)
S. 253 : Appellate Tribunal–Monetary limits-Tax effect less than prescribed limit-Appeal is not maintainable. [S. 268A]
ITO v. Madhuri Devi (Smt.) (2020) 77 ITR 303 (Delhi)(Trib.)
S. 253 : Appellate Tribunal–Monetary limits-Tax effect less than prescribed limit-Circular is applicable to pending appeals. [S. 268A]
ACIT v. Madhyam House Pvt. Ltd. (2020) 77 ITR 307 (Delhi)(Trib.)
S. 250 : Appeal-Commissioner (Appeals)-Duties–CIT(A) to state point in dispute–Record reasons-Pass speaking order–Matter remanded to decide on merits. [S. 250(6)]
Jitendra Narsinhbhai Talpada v. ITO (2020)77 ITR 47 (SN) (Ahd.) (Trib.)
S. 250 : Appeal-Commissioner (Appeals)-Sales commission-Statement of facts before CIT(A)–CIT(A) is bound to adjudicate the Deduction at source-issue on merits. [S. 9(1)(vii), 40(a)(i), 195, 250(6)]
Classic Linens International P. Ltd. v. Dy. CIT (2020) 77 ITR 1 (SN) (Chennai)(Trib.)
S. 234A : Interest-Default in furnishing return of income-Search and Seizure-Levy of interest mandatory-No waiver of interest. [S. 153A, 234B, 234C]
J. Sunder v. ACIT (2020)77 ITR 1 (SN) (Chennai)(Trib.)