S. 4: Charge of income-tax-Capital or revenue receipt-Redevelopment of property-Compensation for hardship on vacating flat-Capital receipt not chargeable to tax-Appellate Tribunal-Delay of 1566 days-wrong legal advice-Delay was condoned. [S. 253, 254(1)
Ajay Parasmal Kothari v. ITO [2024] 159 taxmann.com 570 / (2025) 126 ITR 511 (Mum.)(Trib.) Editorial: Affirmed in Sarfaraz S. Furniturewalla v. Afshan Sharfali Ashok Kumar (2024) 467 ITR 230 (Bom.)(HC).
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. 2(22)(e) : Deemed dividend-Inter-corporate deposits-Commercial transaction carrying interest-Not deemed dividend-CBDT Circular No. 19 of 2017, dated 12-6-2017. [S. 119]
Sudesh Gupta v. Asst. CIT (2025) 126 ITR 237 / 178 taxmann.com 476 (Delhi)(Trib.)S. 271D : Penalty-Takes or accepts any loan or deposit-Legal heir-Cash loans accepted or repaid by company-Legal heir not liable for acts of deceased director.[S. 159(6), 269SS, 269ST, 271E]
Dy. CIT v. Ira Wasson (2025) 127 ITR 344 / 171 taxmann.com 840 (Delhi)(Trib.)S. 268A : Appeal-Instructions-Circulars-Monetary limits-Departmental appeal-Tax effect below prescribed limit-Appeal not maintainable.-CBDT Circular No. 5 of 2024, dated 15-3-2024(2004) 462 ITR 273 (St), as amended by Circular No. 9 of 2024, dated 17-9-2024 (2024) 468 ITR 1 (St.) [S.132, 153A, 253, 254(1)]
Asst. CIT v. Honey Arora (2025) 127 ITR 14 / [2026] 187 taxmann.com 519 (Delhi)(Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-Additional income disclosed as professional income-Assessing Officer examined applicability of section 115BBE and accepted explanation-Revision not justified. [S. 69, 69A, 69B, 69C, 69D, 115BBE, 133A, 142(1), 143(3)]
Gulzar Mohd. v. Pr. CIT (2025) 127 ITR 1 (Chd.)(Trib.)S. 250 : Appeal-Commissioner (Appeals)-Procedure–Speaking order-Failure to deal with contentions-Matter remanded.[S. 40(a)(i), 250(6)]
SLK Software (P.) Ltd. v. Asst. CIT (2025) 127 ITR 395 (Bang.)(Trib.)S. 194LBC : Investment in securitisation trust-Deduction of tax at source-Securitisation trust-Excess interest spread paid to originator-Originator not an investor-No liability to deduct tax at source.[S.115TCA, Securities Contracts (Regulation ) Act, 1956, S. 2(h (ie ), Securities and Exchange Board of India (Public Offer and Listing of Securitised Debt Instruments ) Regulations, 2008, regln. 2(1)(s)]
SME Pool Series v August 2016 v. ITO (TDS) (2025) 127 ITR 129 (Mum.)(Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Cash credits-Unsecured loans-Inadequate enquiry regarding genuineness and creditworthiness-Revision justified.[S.68, 143(3)]
EHealthsystem Healthcare Ltd. v. Pr. CIT (2025) 127 ITR 609 (Pune)(Trib.)S. 250 : Appeal-Commissioner (Appeals)-Procedure-Delay in filing-Commissioner (Appeals) treating delay as 551 days instead of 4 days-Matter remanded.[S.80P, 253(3)]
Co-operative Cane Development Union Ltd. v. ITO (2025) 127 ITR 662 (Lucknow)(Trib.)S. 153D : Assessment-Search-Approval-Composite approval for multiple assessment years-Mechanical approval-Assessment quashed-Mere proposal letter without assessment records-Approval invalid-Appeal to Appellate Tribunal-Additional grounds-Pure question of law-Delay due to change of counsel-Additional grounds admitted.[S. 153A, 254(1)]
Dheeraj Chaudhary v. Asst. CIT (2025) 127 ITR 482 / 178 taxmann.com 360 (TM)(Delhi)(Trib.)