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. 132(4) : Search and seizure-Statement on oath-Income from undisclosed sources-Income surrendered during search-Retraction of statement after eight months-Statement cannot be discarded. [S. 131, 132, Art. 136]
Roshan Lal Sanchiti v. PCIT (2023) 452 ITR 229/ 292 Taxman 69 (SC) Editorial : PCIT v. Roshan Lal Sanchiti (2023) 150 taxmann.com 227 (Raj)(HC)(D.B. I.TA. No. 47 of 2018 dt. 30-10-2018 (Raj)(HC), affirmed.
S. 132 : Search and seizure-Release of seized documents-Directions issued for the release of documents pertaining to assessee. [Art. 226]
Munjaal Boutique Homes Pvt. Ltd. v. PCIT (2023) 452 ITR 8 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-No international transaction between assessee and its associated enterprises-Band promotion-Advertisement, marketing and promotion-Deletion of disallowance is justified. [S. 37(1), 92]
PCIT v. Amadeus India Pvt. Ltd. (No. 2) (2023) 452 ITR 206 / 290 Taxman 201 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-Advertisement, market and business promotion expenses-Not international transaction-No change of facts-Res Judicata-Principle of consistency must be followed. [S. 92B]
PCIT v. Amadeus India Pvt. Ltd. (No. 1) (2023) 452 ITR 195 (Delhi)(HC)
S. 92B : Transfer pricing-International Transactions-Provision of corporate guarantee-Loan Advanced to Associated Enterprise-Tribunal remanded the matter to Commissioner (Appeals)-Order of Tribunal affirmed by High court-SLP of Assessee is dismissed. [Art. 136]
Jubilant Pharmova Ltd. v. Add. CIT (2023) 452 ITR 226 / 291 Taxman 439 (SC) Editorial : Jubilant Pharmova Ltd. v. Add. CIT (2023) 452 ITR 39 (All)(HC) affirmed.
S. 92 : Transfer pricing-Arm’s length price-Management services, management information services, information resources and system development-Reimbursement of expenses-Order of Tribunal affirmed-DTAA-India-USA. [S. 260A, Art. 12(4)(b)]
CIT(IT) v. Timken Company (2023) 452 ITR 80 / 330 CTR 324 / 221 DTR 369 (Cal.)(HC)
S. 90 : Double taxation relief-Agreement-Taxing receipts-Question of fact-No substantial question of law-DTAA-India-USA. [Art. 12, 260A]
CIT(IT) v. Fujitsu America Inc. (2023) 452 ITR 311 / 333 CTR 409/ 225 DTR 513 (Delhi)(HC)
S. 80G : Donation-Charitable institutions-Registered under section 12AA is not sufficient-Disqualification for spending more than 5 Per cent of receipts for religious purposes-Matter remanded to the Commissioner Exemption for examining the matter afresh. [S. 12AA, 89G(5), Rule 11AA]
CIT(E) v. Sant Girdhar Anand Parmhans Sant Ashram (2023) 452 ITR 52 /292 Taxman 472 /331 CTR 473/ 223 DTR 265 (SC) Editorial : CIT(E) v. Sant Girdhar Anand Parmhans Sant Ashram (2018) 408 ITR 79 (P&H)(HC) set aside.