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. 92C : Transfer pricing-Arm’s length price-Tribunal after giving detailed reasons rejected comparables selected by TPO-No question of law arose for consideration. [S. 260A]

PCIT v. Warburg Pincus India (P.) Ltd. [2023] 153 taxmann.com 574 (Bom)(HC) Editorial : On SLP by revenue, Supreme Court PCIT v. Warburg Pincus India (P.) Ltd [2023] 295 Taxman 417 (SC) set aside High Court order and remanded for fresh consideration.

S. 90 : Double taxation relief-Interpretation of agreements-Matter covered by Supreme Court-Writ petition was dismissed.[Art. 226]

Schneider Electric Industries SAS v. Dy. CIT (2025) 474 ITR 197 (Delhi)(HC) Societe De Participations Financieries ET Industries v. Dy.CIT (IT) (2025) 474 ITR 197 (Delhi)(HC) Editorial : SLP of assessee dismissed, Societe DE Participations Financieres v Asst. CIT (2025) 474 ITR 199 (SC)

S. 90 :Double taxation relief-Interpretation of agreements-Matter covered by Supreme Court-Writ petition was dismissed-SLP of assessee dismissed. [Art.136]

Societe DE Participations Financieres v. ACIT (2025) 474 ITR 199 (SC) Editorial : Schneider Electric Industries SAS v. Dy. CIT (2025) 474 ITR 197 (Delhi)(HC) / Societe De Participations Financiers v. Dy. CIT (IT) (2025) 474 ITR 197 (Delhi)(HC)

S. 69C: Unexplained expenditure-Bogus purchases-Restricting addition to the extend of seven percentage of alleged bogus purchases-No question of law-Order of Tribunal was affirmed. [S.37(1), 69C, 260A].

PCIT v. Pravin U. Parmar (Jain) (2025) 474 ITR 171 (Bom)(HC)

S. 69C: Unexplained expenditure-Bogus purchases-Information from sales tax department-Suspicious dealers-Only profit attributable on total purchase consideration could be subject to income-tax-Not entire purchase.[S. 260A]

PCIT v. Bharat Copy Centre (P.) Ltd. [2023] 155 taxmann.com 211 (Bom)(HC)

S. 69C : Unexplained expenditure-Bogus purchases-Tribunal justified in restricting addition to 8% GP on impugned purchases, as purchases were genuine and paid by cheque. [S. 133(6),
260A]

PCIT v. Hiren C. Parekh [2023] 153 taxmann.com 470 (Bom)(HC)

S. 69C : Unexplained expenditure-Bogus purchases-No discrepancy between purchases and sales-Entire bogus purchases could not be treated as income; addition restricted to GP element. [S. 260A]

PCIT v. Dhondiram Naryan Limbhore [2023] 153 taxmann.com 539 (Bom)(HC) Editorial : SLP of revenue dismissed due to delay of 628 days and also on merits, PCIT v. Zahira R. Khatun [2025] 304 Taxman 514 (SC).

S. 69A : Unexplained money-Seizure at airport-Professional income explained-Competent authority was directed to return seized cash. [S. 131(1A),Art. 226]

Ramchandra K. Mendadkar v. UOI [2023] 154 taxmann.com 440 (Bom)(HC)

S. 69A : Unexplained money-Accommodation bills-Burden of proof-Assessee was not obliged to produce third-party books-Order of Tribunal deleting the disallowance was affirmed.[S. 260A]

PCIT v. M. Dinshaw & Co. (P.) Ltd. [2023] 156 taxmann.com 170 (Bom)(HC)

S. 45 : Capital gains-Sale of shares-Computation of capital gains-Fair market value as on 01-04-1981-Leasehold land-lease value of leasehold interest to be taken into account.[S. 2(22B), 55(2)(b)(ii), Wealth-tax Rules, 1957.R. 1D]

PCIT v. Dr. Karan Singh, (2025) 474 ITR 446 (J&K and Ladakh) (HC)