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. 144C : Reference to dispute resolution panel-Unexplained money-Draft assessment order-Order passed in violation of directions of DRP-Nullity and bad in law.[S.69A]

Oxbow Energy Solutions LLC. v. DCIT, IT (2023) 199 ITD 770 (Delhi) (Trib.)

S. 144C : Reference to dispute resolution panel-Order in the name of amalgamating company-Non existent entity-Assessment proceedings based on an invalid draft assessment order were void ab initio and quashed. [S. 143(3)]

Siemens Ltd. v. DCIT (2023) 199 ITD 470 (Mum) (Trib.)

S. 144C : Reference to dispute resolution panel-Option to file objection waived-Draft assessment order-Mandatory requirement of forwarding a draft assessment order could not be done away with-Order is quashed.

Linc Pen & Plastics Ltd. v. DCIT (2023) 199 ITD 719 (Kol) (Trib.)

S. 143(3) : Assessment-Purchase of property-Joint owners-Disclosed in the books of accounts of the Company-Transaction cannot be held to be Benami. [Prohibition of Benami Property Transactions Act, 1988, S. 2(9),24)

ACIT v. Tupelo Builders (P.) Ltd. (2023) 199 ITD 58 / 221 TTJ 192 (Delhi)(Trib)

S. 115JB : Company-Book profit-Upward adjustment-Amount withdrawn from reserve/provision which stood credited in profit and loss account for year and was reduced while computing book profit-Adjustment is deleted. [S. 145]

Bengal Peerless Housing Development Company Ltd. v. DCIT (2023) 199 ITD 679 (Kol) (Trib.)

S. 115JB : Company-Book profit-Financial corporation-Not a company-Not liable to be assessed to book profit.[S. 2(17), 2(26), Companies Act, 1956, S. 129]

DCIT v. Rajasthan Financial Corporation. (2023) 199 ITD 570 (Jaipur) (Trib.)

S. 115BBE : Tax on specified income-Determination of tax in certain cases-Permanent disability- Blind or physically handicapped persons-Disallowance of claim-Tax cannot be imposed under section 155BBE of the Act-Provisions of section 69A cannot be invoked in respect of incorrect claim of deduction under section 80G-Tax cannot be imposed under section 155BBE of the Act. [S. 68 to 69, 69A 80G, 80U]

Batuk Vithalabhai Donga. v. ITO (2023) 199 ITD 412 (Rajkot) (Trib.)

S. 90 : Double taxation relief-Foreign tax credit-Mere delay in filing Form No. 67 as per provisions of rule 128(9), under will not preclude assessee from claiming benefit of foreign tax credit in respect of tax paid outside India.[S.90A, R. 128(9), Form No.67]

Bhagwandas Tikamdas Khinani. v. CIT (2023) 199 ITD 481 (Mum) (Trib.) Bhaskar Dutta. v. DCIT (IT) (2023) 199 ITD 432 (Delhi) (Trib.)

S. 80G : Donation-Additional evidence-Rectification application is pending-Matter is remanded back to Assessing Officer to examine assessee’s claim with reference to supporting evidence filed by it. [S. 154]

Lakshmikumaran & Sridharan. v. DCIT (2023) 199 ITD 488 (Delhi) (Trib.)

S. 74 : Losses-Capital gains-Revised return at a higher amount-Acknowledgement of filing return to CPC with condonation of delay-Allowed to be carry forward to next year. [S. 139(1), 139(3), 139(5)]

Anagha Vijay Deshmukh. v. DCIT (2023) 199 ITD 409 (Pune) (Trib.)