S. 197 : Deduction at source-Certificate for lower rate-Payment to non-resident-Assessee proposing certificate for deduction at lower rate and department issuing certificate in those terms- Assessee cannot challenge certificate and seek deduction at nil rate. [S. 195, Art.226]
National Petroleum Construction Co. v. DCIT (2020) 421 ITR 24/ 312 CTR 217 / 185 DTR 57/ 271 Taxman 150 (Delhi) (HC).Editorial : National Petroleum Construction Co. v. Dy. CIT (2022)446 ITR 382 (SC) matter referred to larger Bench .
Digest of case laws
Online digest of latest case laws
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. 194C : Deduction at source-Contractors-Contract for sale of goods-Agreement for bulk sale of advertising space — Provision is not applicable.
Times VPL Ltd. v. CIT (2020) 421 ITR 170/312 CTR 284/185 DTR 139/ 275 Taxman 176 (Karn.)(HC)S. 194C : Deduction at source-Contractors-Channel placement fee- Payment to cable operators for channel placement fee was subject to deduction of tax at source u/s. 194C and not under S. 194J of the Act. [S. 194J]
PCIT v. Star Entertainment Media (P.) Ltd. (2020) 269 Taxman 66 (Bom.)(HC)S. 194C : Deduction at source-Contractors-Failure to file TDS related documents at the time of filing of return of TDS- Procedural law-Fine can be imposed- Expenses cannot be disallowed-Matter remanded to the AO for readjudication. [S. 40(a)(ia), 194C(6), 194C(7), 254(2), 260A]
Dilip Kumar v. ACIT (2020) 269 Taxman 93/196 DTR 199 / 317 CTR 901 (Mad.)(HC)S. 147 : Reassessment-Audit objection-No new material to show that income had escaped assessment-Notice is not valid. [S. 148, Art. 226]
P. Hemamalini Maiya v. ACIT (2020) 421 ITR 79 (Karn.)(HC)S. 147 : Reassessment-With in four years-Change of opinion-One-time settlement with banker-Capital receipt- Notice based on audit report-Reassessment is held to be not valid. [S. 4, 148]
PCIT v. Everlon Synthetics (P.) Ltd. (2020) 424 ITR 232/269 Taxman 215 (Bom.)(HC)S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Deduction is allowed in the original assessment proceedings-Notice of reassessment is held to be not valid. [S. 80IB(11A ), 148, Art. 226]
Dhirendra Hansraj Singh v. ACIT (2020) 421 ITR 176 (Guj.)(HC) Editorial : SLP of revenue is dismissed, CIT v. Dhirendra Hansraj Singh (2018) 409 ITR 15 (St.)(SC).S. 147 : Reassessment-After the expiry of four years-Change of opinion-Details were furnished in response to questionnaires-Failure to deduct tax at source-Notice is not valid. [S. 40(a)(ia) 148, 194I, Art. 226]
BPTP Ltd. v. CIT (2020) 421 ITR 59/ 312 CTR 514/185 DTR 372 / 113 Taxmann.com 587 (Delhi)(HC) www.itatonline.org.Editorial : SLP of revenue is dismissed , PCIT v. BPTP Ltd. (2021) 277 Taxman 298 (SC)/PCIT v. BPTP Ltd. (2021) 278 Taxman 105 (SC)S. 147 : Reassessment-After the expiry of four years-Change of opinion-Interest income on fixed deposit assessed as business income-Re assessment on the ground that it has to be assessed as income from other sources. [S. 56,148, Art. 226]
DCIT v. MSEB Holding Co. Ltd. (2019) 102 taxmann.com 288 (Bom.)(HC) Editorial : SLP of revenue is dismissed, since tax effect is less than Rs. 2 Crore. DCIT v. MSEB Holding Co. Ltd. (2020) 269 Taxman 22 (SC)S. 147 : Reassessment-After the expiry of four years-Reasons recorded there was no reference to any new tangible material-Financial statement-Reassessment notice is quashed. [S. 44, 148, Art. 226]
Bajaj Allianz Life Insurance Company Ltd. v. DCIT (2020) 269 taxman 208 (Bom.)(HC) Editorial: SLP of revenue dismissed , Dy.CIT v Bajaj Allianz Life Insurance Co. Ltd ( 2021)278 Taxman 104 (SC)