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. 271FA : Penalty-Annual information return (AIR)-Failure to furnish-Delay of 525 days-No reasonable cause-Order imposing the penalty is affirmed.[S. 273B, 285BA(1)(b), Art. 226]

Sub-Registrar, Sri. V.G. Cleetus v. DIT (Intelligence) (2023) 333 CTR 773 / 154 taxmann.com 546 (Ker)(HC)

S. 271E : Penalty-Repayment of loan or deposit-Limitation-Assessment order was passed on 31st Dec., 2010-Penalty order passed on 30th Dec., 2011 was barred by limitation-No substantial question of law. [S. 260A, 275(1)( c)]

PCIT v. Thapar Homes Ltd. (2023) 335 CTR 1096/ (2024) 159 taxmann.com 450 (Delhi)(HC)

S. 268A : Appeal-Instructions-Circulars-Monetary limits-Appeal of Revenue is dismissed-[WTACT, 1957, S.29]

PCWT v. Oriental Building & Furnishing Co Ltd ( 2023) 333 CTR 1 ( SC) Editorial : From the Judgement from Delhi High Court, WTA No. 4 of 2017 dt. 18-7-2017.

S. 268A : Appeal-Instructions-Circulars-Monetary limits-Appeal of Revenue is dismissed-Reimbursement of expenses would not be liable to be included in income. [S. 5, (9(1)(i)261, Art. 136]

DIT (IT) v. Krupp Udhe Gmbh ( 2023) 333 CTR 209 ( SC) Editorial : DIT (IT) v. Krupp Udhe Gmbh (2010) 38 DTR 251 / (2013] 40 taxmann.com 38/ 219 Taxman 138 (Mag.)/ 354 ITR 173( Bom)( HC)

S. 264 :Commissioner-Revision of other orders –Interest on income tax refund-Assessed in the year 2012-15-Merely because an assessee has offered a receipt of income in his return does not necessarily make him liable to pay tax on said receipt, if otherwise said income is not chargeable to tax-Double taxation-Directed to pass the Revision order. [S. 56, Art. 226]

Interglobe Enterprises (P.) Ltd. v. PCIT (2023) 334 CTR 805 /148 taxmann.com 121/225 CTR 27 (Delhi)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-No opportunity of hearing is given-Recording of contrary facts-Order is quashed-Revenue is directed to pay cost of Rs. 10000. [Art. 226]

M. L. Chains v. PCIT (2023) 335 CTR 737 / 154 taxmann.com 508 /295 Taxman 418 (All)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest income business or other sources-Decides the issue on merits and leaves no scope for enquiry by the Assessing Officer-Expenditure on earning interest income-Order of Tribunal and Revision is set aside-Directed the Assessing Officer to decide in accordance with law. [S. 28(i), 56, 57, 254 (1), 260A]

Muthoot Credits & Investments v. Dy. CIT (2023) 334 CTR 456 / 156 taxmann.com 280 (Ker)(HC)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Generation of reasonable surplus-Order of Tribunal quashing the revision order is affirmed. [S. 11, 12AA]

CIT ( E) v. Manna Trust ( 2023) 333 CTR 210 / 226 CTR 377 ( Raj)( HC)

S. 261 : Appeal-Supreme Court-Charge of income-tax-Capital or revenue-Carbon credits-Question not raised before High Court-Department estopped from raising issue before Supreme Court at stage of final hearing.[S. 4, 80-IA(4)(iv), 260A]

CIT v. Jindal Steel and Power Ltd (2023) 335 CTR 1017/. (2024)460 ITR 162/ 297 Taxman 253 (SC) CIT v. Reliance Industries Ltd (2023) 335 CTR 1017/. (2024)460 ITR 162/ 297 Taxman 253 (SC)/Editorial : Decision of the Punjab and Haryana High Court in CIT v. Jindal Steel and Power Ltd [2009] 180 Taxman 543 / (2024) 460 ITR 159 (P&H) affirmed.

S. 250 : Appeal-Commissioner (Appeals)-Procedure-Appellate authority cannot dismiss an appeal for non-prosecution, instead has to decide the matter on its merits. [S. 246A, Art. 226]

Kerala State Service Pensioners Co-Operative Society Ltd. v ITO (2023) 335 CTR 105 (Ker)(HC)