S. 80IC : Special category states-Manufacture of books-Eligible for deduction-Order of Tribunal is affirmed. [S.260A]
PCIT v. Nirja Publishers & Printers (P.) Ltd. (2024) 297 Taxman 448 /466 ITR 646 (Delhi)(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. 80IB(10 :Housing projects-Delay in audit-Order of Tribunal allowing the claim of the assessee is affirmed. [S.80AC, 139(1)]
PCIT v. H.P. Housing & Urban Development Authority (HIMUDA) (2024) 297 Taxman 208/336 CTR 303 (HP)(HC)S. 80HHC : Export business-Interest income-Failure to establish nexus with export business-Order of Tribunal denying the exemption is affirmed by High Court-SLP of assessee is dismissed. [Art. 136]
Kaushal Kishore Agarwal v. ITO (2024) 297 Taxman 381/463 ITR 688 (SC) Editorial: Kaushal Kishore Agarwal v. ITO (2024) 159 taxmann.com 248 /463 ITR 683 (Raj)(HC)S. 80G : Donation-No specific time frame mandated for carrying out charitable activities under section 800G(vi) of the Act-Order of Tribunal directing the Commissioner to grant approval is affirmed by High Court-SLP of Revenue is dismissed.- Leaving question of law open.[S. 80G(vi), Art.136]
CIT (E) v. Gangadeen Niranjan Lal Data Charitable Trust (2024) 297 Taxman 294/463 ITR 695 (SC) Editorial : CIT (E) v. Gangadeen Niranjan Lal Data Charitable Trust (2024) 159 taxmann.com 207 / 463 ITR 690 (Raj)(HC)S. 80G : Donation-No specific time frame mandated for carrying out charitable activities under section 800G(vi) of the Act-Order of Tribunal directing the Commissioner to grant approval is affirmed by High Court-SLP of Revenue is dismissed.[S. 80G(vi), Art.136]
CIT (E) v. Gangadeen Niranjan Lal Data Charitable Trust (2024) 297 Taxman 294/463 ITR 695 (SC) Editorial : CIT (E) v. Gangadeen Niranjan Lal Data Charitable Trust (2024) 159 taxmann.com 207 / 463 ITR 690 (Raj)(HC)S. 69B : Amounts of investments not fully disclosed in books of account-Undisclosed investments-Order of Tribunal deleting the addition is affirmed.[S. 133(6), 147, 148,250(4), 260A]
CIT (IT) v. Hotchand Techchand Punjabi (2024) 297 Taxman 147 (Delhi)(HC)S. 69A : Unexplained money-Non-resident-Books of account not maintained-Transfer to NRO account-Only source of income in India is from interest on bank account and interest on income tax refund and he was not obliged to maintain any books of account in India-Order of Tribunal deleting the addition is affirmed. [S. 260A]
CIT (IT) v. Hersh Washesher Chadha (2024) 297 Taxman 471 /336 CTR 1 /471 ITR 764(Delhi)(HC)S. 69 : Unexplained investments-Search and seizure-Jewellery-Painting-Wrist watches-Considering the income shown by the assessee and family-Tribunal deleted the addition-High Court affirmed the order of the Tribunal.[S. 132, 260A]
PCIT v. Nirmal Kumar Minda (2024) 297 Taxman 200 (Delhi)(HC)S. 68 : Cash credits-Sale of gifted jewellery-Order of Tribunal confirming the addition is deleted-Method of accounting-Ad hoc addition-Order of Tribunal is set aside. [S.145 260A]
Sanjay Saha v. CIT (2024) 297 Taxman 345/338 CTR 485 (Cal.)(HC)S. 68 : Cash credits-Un secured loan from Magunta exports-Return showing nil income-Order of CIT(A) confirming the addition is set aside-Matter remanded to the file of the CIT(A). [S. 115BBE, 250, Art.226]
Sohan Raj Khanted Guvanthraj v. CIT (Appeals), NFAC, New Delhi (2024) 297 Taxman 143/337 CTR 978 (Mad.)(HC)