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
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S. 260A : Appeal-High Court-Commissioner-Revision of orders prejudicial to revenue-Capital gains-Penny stock companies-Tribunal quashed the revision order and also on merits-Revenue has challenged only on the ground on merits and not against quashing the revision order-Dismissing the appeal the Court held that a piecemeal challenge of the order passed by the Tribunal on one grounds on which relief was granted to assesseee was not maintainable. [S. 10(38), 45, 68, 254(1), 263]
PCIT v. Reeta Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC) PCIT v. Ritin Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC) PCIT v.Jaikihan Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC) PCIT v.Pravash Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC) PCIT v. Rachit Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC) PCIT v. Gopichand Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC) PCIT v. Ravish Lakhmani (2023)457 ITR 603 /291 Taxman 358 (Cal)(HC)
S. 234B : Interest-Advance tax-Mandatory-Capital gains-Central Board Of Direct Taxes-Notification-Cannot override provisions of Statute-Or otherwise. [S. 119, 234B(2), Art. 226]
Malini Ravindran (Mrs.) v. CIT (Appeal) (2023)457 ITR 401/151 taxmann.com 102 (Mad)(HC)
S. 220 : Collection and recovery-Assessee deemed in default-Stay-Discretion should be used in judicious manner.[S. 220(6), Art. 226]
Zoos and Parks Authority of Telangana v. CIT (E) (2023)457 ITR 560 (Telangana)(HC)
S. 220 : Collection and recovery-Assessee deemed in default-Waiver of interest-Depreciation-Condition not fulfilled-Order
Favouring: Assessee, personof partial waiver is valid. [S. 220(2A), Art. 226]
Prasad Film Laborator Pvt. Ltd. v. CIT (2023)457 ITR 747 /157 taxmann.com 309 (Telangana)(HC)
S. 201 : Deduction at source-Failure to deduct or pay-Non-Resident-Non-Resident not liable to tax in India-Tax not deductible at source-Precedent-Revenue Officials are bound by the decisions of appellate authorities.[Art. 226]
Hapag Lloyd India Pvt. Ltd. v. Dy. CIT (IT) (2023)457 ITR 376 /152 taxmann.com 246 (Bom)(HC)
S. 194A : Deduction at source-Interest other than interest on securities-Interest on compensation awarded by Motor Accidents Claims Tribunal-Interest assessable only if it exceeds fifty thousand rupees.[S. 145A(b), 194A(3)(ixa), Motor Vehicles Act, 1988, Art. 226]
Kuni Sahoo (Smt.) v. UOI (2023)457 ITR 777 / 331 CTR 258/ 223 DTR 1/ 147 taxmann.com 237(Orissa)(HC)
S. 179 : Private company-Liability of directors-Recovery of tax-Burden of proof-Non-recovery of tax was not attributable to gross negligence, misfeasance or breach of duty by directors Initiation of action after period of eight years-Order and revision order is quashed. [S. 264, Art. 226]
Prakash B. Kamat v. PCIT (2023)457 ITR 150 / 151 taxmann.com 344 (Bom)(HC)
S. 153C : Assessment-Income of any other person-Search-Examination of disputed questions of fact-Alternative remedy-Writ petition is dismissed.[S. 144 153A, Art. 226
Alliance Broadcasting Pvt. Ltd. v. ACIT (2023)457 ITR 385 /152 taxmann.com 292 (Mad)(HC)
S. 153A : Assessment-Search-Statement made during search has evidentiary value but by itself cannot be basis for assessment-Assessment completed before search-No incriminating material was found-Distinction between scrutiny assessment under section 143() and summary assessment under section 143(1) is irrelevant for the purpose of section 153A-Addition is not justified-Question of fact. [S. 132,132(4), 143(1), 143(3), 260A]
PCIT v. Pilot Industries Ltd. (2023)457 ITR 437/146 taxmann.com 233 (Delhi)(HC) Editorial: Order in DCIT v.Pilot Industries Ltd(2022) 27 ITR (Trib)-OL 467 (Delhi), affirmed
S. 153A : Assessment-Search-No incriminating material was found during search-Original assessment completed-Order is not valid. [S. 132]
PCIT v. PGF Ltd. (2023)457 ITR 607 /156 taxmann.com 24 (Delhi)(HC)