S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limited scrutiny assessment-Issues raised in revision thoroughly examined in assessment proceedings-Revision is bad in law.[S.14A, 36(1)(iii), R.8D]
Good Earth Fertilizers Co. P. Ltd. v. ITO (2023)102 ITR 68 (SN)(Chennai) (Trib)
Digest of case laws
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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. 263 : Commissioner-Revision of orders prejudicial to revenue-Record-Unexplained expenditure-Repayment of unsecured loans-Shell Companies-Revision is not justified-Loans from shell companies-Revision is justified.[S.68, 69C]
G. T. Homes v. PCIT (2023)102 ITR 11 (SN)(Raipur) (Trib)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Industrial undertaking-Himachal Pradesh-Audit report filed physically before filing of return-Deposit of cash-Demonetisation period-Detailed filed in the course of assessment proceedings-Revision is held to be not valid.[S.80IA(7), 80IC, 80IE (6), 143(3)]
Control Print Ltd v. PCIT (2023) 102 ITR 5 (SN)(Mum)(Trib)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-Surrender of income-Commissioner cannot look again at same information-Revision is quashed.[S.133A, 143(3)]
Kashmiri Lal Gupta v.PCIT (2023)102 ITR 1 (Chd)(Trib Gupta Electrico v.PCIT 2023)102 ITR 1 (Chd)(Trib)S. 251 : Appeal-Commissioner (Appeals)-Powers-Additional grounds-Lease expenditure-Revised computation-Not justified in refusing admission-Matter remanded to the CIT(A).[S. 37(1)]
Spicejet Ltd. v. Add. CIT (2023)102 ITR 58 (Delhi)(Trib)S. 194A : Deduction at source-Interest other than interest on securities-S. 194A : Deduction at source-Interest other than interest on securities-Non deduction of TDS on year-end provision-Suo moto disallowance of expenditure u/s 40(a)(ia)-liability to deduct tax at source u/s 194A exists-levy of interest u/s 201(1A) –Failure to identify the payees-Matter remanded.[S.40(a)(i), 40(a)(ia),191, 201 (1), 201(IA)]
Biocon Ltd. v. DCIT (2023) 102 ITR 485 (Bang)(Trib)S. 154 : Rectification of mistake-Mistake apparent from the record-CPC while processing the return of income in as much as depreciation u/s 32 has not been granted-Entitled for the claim of depreciation. [S.32]
Indauto Filters v. ACIT (2023) 102 ITR 403 (Bang) (Trib.)S. 154 : Rectification of mistake-Mistake apparent from the record-Time limit-Barred by limitation-Merit also eligible deduction. [S.80IA, 143(3) 154(7)]
Ultratech Cement Ltd. v. ACIT (2023) 102 ITR 33 (SN) (Mum) (Trib.)S. 154 : Rectification of mistake-Mistake apparent from the record-Deduction of tax at source-Credit for-Intimation-Directed to grant relief after verification. [S.143(1), 199,Form, 26AS]
Kalyaniwalla and Mistry LlP v. ACIT (2023)102 ITR 47 (SN)(Mum)(Trib)S. 151 : Reassessment-Sanction for issue of notice-Mechanical sanction-Reassessment is quashed.[S.147(b), 148]
Sunil Sahu v. ACIT [2023] 221 TTJ 631/ 222 DTR 186 (Indore)(Trib)