S. 144B : Faceless Assessment-Natural justice-Opportunity of hearing-Technical glitches in web portal-Cash credits-Order set aside. [S. 144C, Art. 226]
Incap Contract Manufacturing Services (P) Ltd. v. ACIT (2022) 287 Taxman 34 / 113 CCH 279 (Karn.)(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. 144B : Faceless Assessment-Natural justice-Opportunity of hearing-Technical glitches in web portal-Failure to up load the documents-Order was set aside. [S. 143(3), Art. 226]
Chandrasekaran Ragupati v. CBDT (2022) 287 Taxman 124 / 13 CCH 317 (Mad.)(HC)S. 127 : Power to transfer cases-Transfer from Bhopal to Hyderabad-Transferred for consolidating records of principal contractors and sub-contractor-In public interest for a lawful search operation-Transfer is valid. [Art. 226]
Aditya Tripathi v. PCIT (2022) 287 Taxman 144/214 DTR 201/326 CTR 833 (MP)(HC)S. 115JB : Book profit-Amounts disallowed under section 14A could not be added to net profit while computing book profit. [S. 14A]
PCIT v. J.J. Glastronics (P) Ltd. (2022) 287 Taxman 610 (Karn.)(HC)S. 115JA : Book profit-Mining, production and generation of aluminum, generated power-Captive power plant (CPP) for internal consumption-Profits derived from CPP was to be reduced from book profits-Provision for liability in respect of post-retirement medical benefits and leave encashment determined as an accrued liability and computed on basis of actuarial valuation by assessee could not be included in its book profits. [S. 115JA(iv)]
National Aluminium Company Ltd. v. CIT (2022) 287 Taxman 703 / 213 DTR 155/326 CTR 385 /( 2023) 456 ITR 503(Orissa) (HC)S. 80IC : Special category States-Business of Information and Communication Technology-Unit III-Splitting up or reconstruction-Separate books of account maintained-Entitle deduction as a sperate unit.
PCIT v. Altruist Technologies (P) Ltd. (2022) 287 Taxman 269 / 217 DTR 385/ 328 CTR 580 (HP)(HC)S. 80IB : Industrial undertakings-Manufacture-Poultry feed-steam cooking-Process undertaken in producing poultry feed would amount to manufacture-Entitled for deduction [800IB(5)].
PCIT v. Shalimar Pellet Feeds Ltd. (2022) 287 Taxman 134 / 213 DTR 345 / 326 CTR 595 /2023)453 ITR 547 (Cal.)(HC)S. 80IA : Industrial undertakings-Infrastructure development-Bangalore International Air Port (BIAL) is a statutory body-Cargo handling services to BIAL on Built Operate and Transfer(BOT) basis-Service Provider Right Holder (SPRH) agreement would fall within expression ‘infrastructure facility’ under section 80IA(4)-Entitle to deduction. [S. 80IA(4)]
PCIT v. Menzies Aviation Bobba (Bangalore) (P.) Ltd. (2021) 133 taxmann.com 458 (Karn.)(HC) Editorial: Notice issued in SLP filed by Revenue ; PCIT v. Menzies Aviation Bobba (Bangalore) (P) Ltd. (2022) 287 Taxman 179/113 CCH 353 (SC)S. 68 : Cash credits-Loans-Identity Creditworthiness and genuineness of lenders proved-Deletion of addition is justified.
PCIT (Cent.) v. R.M. Commercial (P.) Ltd. (2022) 287 Taxman 194 / 113 CCH 348 (Cal.)(HC)S. 68 : Cash credits-Bank deposits-Unexplained money-Estimate of profit-Assessment-Withdrawal and cash deposited in bank-Trading activities-Tribunal was justified in estimating income at rate of 2 per cent of such amount deposited with bank. [S. 143(3)]
PCIT v. Shitalben Saurabh Vora (2022) 138 taxmann.com 437 (Guj.)(HC) Editorial : Notice issues in SLP filed by Revenue, PCIT v. Shitalben Saurabh Vora (2022) 287 Taxman 221 /114 CCH 251 (SC)