S. 132: Search and Seizure – Reasons to believe -Discretionary jurisdiction – Alternative remedy- Writ petition was dismissed . [ Art . 226 ]
Sanjay Singhal v. UOI (2022) 211 DTR 182/325 CTR 354 (Raj)(HC)
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. 12AA: Registration of Trust Deed – Cancellation of Registration -Once registration has been granted under section 12AA after satisfying about genuineness of the activities of the Trust, the same cannot be cancelled on the basis of the same set of provisions of the Trust- . [S.12A, 12AA (3)]
Sri. Ramjanki Tapovan Mandir v. CIT (E) (2022) 220 DTR 49 / 329 CTR 745 (Jharkhand) (HC)S. 271G : Penalty-Documents-International transaction-Transfer pricing-Failure to furnish information within stipulated time-Absence of CFO-Reasonable cause-Penalty was deleted. [S. 92D(3), 274]
JSW Energy Ltd. v. DCIT (2022) 197 ITD 417 / 220 TTJ 1 (Mum.) (Trib.)S. 271B : Penalty-Failure to get accounts audited-Derivative transaction-Turnover-Guidance note issued by ICAI on tax audit under section 44AB net result in derivative transaction to be considered as turnover-Not liable for penalty. [S. 44AB]
Sachin Marotrao Rangari v. ACIT (2022) 197 ITD 358 (Rajkot) (Trib.)S. 271(1)(c) : Penalty-Concealment-Software maintenance-Royalty-Fees for technical services-Divergent views-Levy penalty is not valid. [S. 9(1)(vi), 9(1)(vii)]
ACIT v. Faurecia Systems D’echappement. (2022) 98 ITR 124 / 197 ITD 687 / 220 TTJ 396 / 218 DTR 353 (Pune)(Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Commission to non-Resident-Pendency of application before AAR-Revision is held to be not valid. [S. 40(a)(i), 195]
Think and Learn (P.) Ltd. v. PCIT (2022) 197 ITD 736 (Bang.) (Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Survey-Income surrendered-Business income-Tax on specified income-Order is not erroneous. [S. 68, 69 to 69D, 115BBE, 133A]
Gandhi Ram v. PCIT (2022) 197 ITD 677 (Chd.)(Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Co-operative societies-Deposits against loans-Not filed appeal against the assessment order-Revision order is quashed. [S. 56, 80P]
Arambagh Co-operative Agriculture and Rural Development Bank Ltd. v. ITO (2022) 197 ITD 695 (Kol.)(Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Depreciation-Lease of assets-Operating lease and finance lease transactions-lessee only had right to use vehicles-Entitle depreciation-Revision is not valid-Method of accounting-Estimate of income-Excess interest spread (EIS)-Revision is not valid-Chargeable in the year of receipt. [S. 2(28A), 32, 143, 145]
Poonawalla Fincorp Ltd. v. PCIT (2022) 100 ITR 151 / 197 ITD 590 / (2023) 221 TTJ 387 (Kol.)(Trib.)S. 263 : Commissioner-Revision of orders prejudicial to revenue-Revision order is quashed. [S. 80IB, 143(3), 153A]
Salarpuria Properties (P.) Ltd. (2022) 197 ITD 490 (Kol.)(Trib.)