S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Non-Resident-Lease of Helicopter to Indian entity-Royalty income could not be added on notional basis-DTAA-India-United Arab Emirates. [Art. 12]
Aircon Beibars (Fze) v. Dy.(IT) (2023)106 ITR 16 (SN)/ 153 taxmann.com 41 (Delhi) (Trib)
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. 9(1)(ii) : Income deemed to accrue or arise in India-Salaries-Employed with Company in India-Sent to China on assignment-Salary paid in India by employer-Salary earned for services in China is not taxable in India-DTAA-India-China. [S. 5(2), Art. 15(1) 23]
Ramesh Kumar Ae v. ITO (IT) (2023)106 ITR 53 (SN)(Chennai ) (Trib) Kalyana Murugan Arumugam v. ITO (IT) (2023)106 ITR 53 (SN)(Chennai )(Trib) Sundarrajan Ventatesan v. ITO (IT) (2023)106 ITR 53 (SN)(Chennai )(Trib) Sriram Prabhu Krishna Moorthy v. ITO (IT) (2023)106 ITR 53 (SN)(Chennai )(Trib)S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Non-Resident-Supply of software and automated services-Arm’s length-Attribution of profits-DTAA-India-Ireland . [ S.92C , art.5, 11 ]
Adobe Systems Software Ireland Ltd v. ACIT (IT ) (2023)106 ITR 475 / 150 taxmann.com 437 (Delhi)(Trib)S. 4: Charge of income-tax-Sales tax subsidy-Capital receipt-Depreciation-Actual cost-Sales tax subsidy is not to be reduced from block of assets. [ S. 2(11), 32 ]
Asst. CIT v. Cosmo Films Ltd. (2023)106 ITR 10 (SN)(Delhi) (Trib)S. 2(22)(e): Deemed dividend-Unsecured loan-Current account-Regularly providing funds to group concern-Tax deducted ta source on interest-Cannot be assessed as deemed dividend.
G. G. Continental Trades P. Ltd. v. Dy. CIT (2023)106 ITR 356 / 156 taxmann.com 275 (Amritsar) (Trib) G. G. Oil And Fats P. Ltd. v .Dy. CIT (2023)106 ITR 356 (Amritsar) (Trib)S. 270A : Penalty for under-reporting and misreporting of income-Leave encashment-Bona fide belief about exemption-Mere addition-Levy of penalty is deleted. [S.10(10AA), 80TTB]
Dhansukhlal Maganlal Dhangar v. ITO (2023)105 ITR 51 (SN)/224 TTJ 41 (UO)(SMC) (Surat) (Trib)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Bad Debts-Slump sale-Specific query was raised in the assessment proceedings-Not a case of no enquiry-Revision order is quashed. [S.2(42C), 28(i) 36(1)(vii),37, 50B, 143(3)
Rajkumar Impex P. Ltd. v. PCIT (2023)105 ITR 1 (SN)(Chennnai) (Trib)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Loans-Creditors-Opinion of internal audit machinery not binding on him-Revision is quashed. [S. 143(3)]
Ganpati International v. PCIT (2023)105 ITR 266(Chd) (Trib)S. 251 : Appeal-Commissioner (Appeals)-Powers-Power to enhance income-Capital gains as business income-Failure to issue show cause before enhancement-Enhancement is not valid-Treatment of lease rent as business income is not sustainable. [S. 28(i), 45, 251 (2)]
Angelica Properties P. Ltd. v. Add. CIT (2023)105 ITR 442 (Pune) (Trib) Vason Engineers Ltd v. Add. CIT (2023)105 ITR 442 (Pune) (Trib)S. 244A : Refunds-Interest on refunds-Offered to tax in year of receipt-Could not be taxed in year of accrual. [S. 5]
FIL India Business And Research Services P. Ltd. v. Dy. CIT (2023)105 ITR 82 / 154 taxmann.com 251 (Delhi) (Trib)