S. 279 : Offences and prosecutions-Sanction-Chief Commissioner-Commissioner-Tax deduction at source-Delay in depositing the amount-No Limitation period for filing of Compounding application-The application cannot be rejected on the ground of delay in filing the application-Central Board of Direct Taxes cannot issue guidelines overriding the statutory provisions.[S. 119, 276B, 278B, 279(2), Art. 226]
Sofitel Realty LLP v. Income-tax officer (TDS)(2023) 457 ITR 18 / 294 Taxman 766 /(2024) 338 CTR 521(Bom) (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. 276C : Offences and prosecutions-Willful attempt to evade tax-Directors-Winding up petition-Liquidation-Discharge application-Official liquidator has to be a party-Directed the trial court consider the application-After adding official liquidator as a party to the case. [S.278B, 279, Companies Act, 1956, S.446, Companies Act, 2013, S 279]
Chhatar Singh Dugar v. ITO (2023) 294 Taxman 384 (Cal.)(HC)S. 271D : Penalty-Takes or accepts any loan or deposit-Mobilizing deposits from people of small incomes, agriculturists and rural dwellers-Order of High Court deleting the penalty is affirmed. [S. 269SS, 269T, 271E, 273B]
CIT v. Sahara India Mutual Benefit Co. Ltd. (2023) 456 ITR 782 / 294 Taxman 429 //(2024) 337 CTR 377((SC) Editorial : CIT v. Sahara India Mutual Benefit Co. Ltd (2012) 28 taxmann.com 119 / 212 Taxman 97 (Mag.)/ (2013) 83 DTR 171 / 257 CTR 225 (Delhi)(HC)S. 271(1)(c) : Penalty-Concealment-Search-Loss return-Revised return-Violation of principle of natural justice-Faceless assessment-The conduct of the Revenue would depict a partial violation of principles of natural justice-Personal hearing was not granted-Order of penalty is set aside to pass fresh order after considering the contentions.[S. 132,143(3), 153A, 274 Art. 226]
Divine Chemtec Ltd. v. ITD, NFAC (2023) 294 Taxman 526/ (2024 ) 338 CTR 209 (Telangana)(HC)S. 271(1)(c) : Penalty-Concealment-Notice-Not specifying the limb under which the penalty proceedings are initiated-Order of Tribunal is affirmed. [S. 274]
PCIT v. Unitech Reliable Projects (P.) (2023)294 Taxman 507 /(2024)462 ITR 307 (Delhi)(HC) PCIT (C) v. Gopal Kumar Goyal (2023) 294 Taxman 746 /(2024)462 ITR 313 (Delhi) (HC)/Editorial : SLP of Revenue is dismissed ,PCIT v. Unitech Reliable Projects (P.) Ltd. (2024) 300 Taxman 585 /469 ITR 394(SC)S. 271(1)(c) : Penalty-Concealment-Co-operative societies-Deduction under section 80P-Notice is issued in SLP filed by the Revenue. [S. 80P(2)(a)(i), 80P(4), Regional Rural Development Act, 1976, S. 22]
PCIT v. Baroda Uttar Pradesh Gramin Bank (2023) 294 Taxman 433 (SC) Editorial: Refer, PCIT v. Baroda Uttar Pradesh Gramin Bank (2022) 447 ITR 218/ 138 taxmann.com 449 (All)(HC)S. 268A : Appeal-Instructions-Circulars-Monetary limits-Low tax effect-Appeal of Revenue is dismissed. [Art. 136]
PWT v. Oriental Building & Furnishing Co. Ltd. (2023) 294 Taxman 2/ 333 CTR 1 (SC)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Interest on refunds-Order passed giving effect to the order of the CIT(A)-Order of Tribunal quashing the revision order is affirmed. [S. 244A]
PCIT v. Bank of Baroda (2023) 294 Taxman 455/333 CTR 835 (Bom)(HC)/Editorial : SLP of Revenue is dismissed , PCIT v. Bank of Baroda (2024) 300 Taxman 266 (SC)S. 263 : Commissioner-Revision of orders prejudicial to Revenue-Tax on distributed income to shareholders-Revision order barred by limitation-Provisions not applicable for the year under consideration. [S. 115QA(1), 154, The Companies Act, S. 77, 402]
PCIT v. C. M. Rajgarhia (P.) Ltd. (2023) 294 Taxman 288 /(2024) 336 CTR 606(Cal)(HC)S. 263 : Commissioner-Revision of orders prejudicial to revenue-
Capital gains-Full value of consideration-Stamp valuation-Land was sold by secured creditors-Order of Tribunal quashing the revision order is affirmed. [S. 45, 50C, 143(1), The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)]