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. 115JB : Book profit-Special category States-Not to be reduced. [S.80IC]

Chheda Electricals and Electronics (P.) Ltd. v. DCIT (2022) 195 ITD 354 /(2023) 223 TTJ 884(Pune)(Trib.)

S. 90 : Double taxation relief-Income from employment-Section 90 does not bar operation of article 16 of DTAA with USA DTAA-India-USA. [S. 9, Art. 16]

Rajat Dhara v. DCIT (IT) (2022) 195 ITD 307 / 94 ITR 74 (SN) / 220 TTJ 915 / (2023) 221 DTR 275 (Kol.)(Trib.)

S. 80P : Co-operative societies-Co-operative Bank-Dividend income-Short-term deposit with co-operative bank-Eligible deduction. [S. 2(19), 80P(2)(d), 80P(2)(a)(i)]

Gramin Sewa Sahakari Samiti Maryadit v. ITO (2022) 195 ITD 244 / 217 TTJ 337 (Raipur) (Trib.) Sewa Sahakari Samiti Maryadit v. ITO (2022) 195 ITD 244 / 217 TTJ 337 (Raipur)(Trib.)

S. 80IC : Special category States-Deduction to be restricted to extent of gross total income. [S. 80A, 115JB]

Chheda Electricals and Electronics (P.) Ltd. v. DCIT (2022) 195 ITD 354 / (2023) 223 TTJ 884(Pune)(Trib.)

S. 74 : Losses-Capital gains-Return filed within a specified time-Set-off of capital loss brought forward from the assessment year 2010-11 was to be allowed to assessee in the relevant assessment year. [S.80, 139(1)]

Kantibhai Ugarbhai Patel v. CIT NFAC (2022) 195 ITD 460 (Ahd.) (Trib.)

S. 71 : Set off of loss-One head against income from another-Capital gains-Exempt income-Short-term capital loss from shares could not have been set off against any tax-exempt income covered under Chapter III. [S. 10(38)]

Sikha Sanjaya Sharma (Mrs.) v. DCIT (2022) 195 ITD 178/ 217 TTJ 373 / 213 DTR 65 (Ahd.)(Trib.)

S. 68 : Cash credits-NRI-Gift from brother-Addition was deleted.

Atul H. Patel v. ITO (2022) 195 ITD 297 (Ahd.)(Trib.)

S. 68 : Cash credits-Share application money-Bank statements, audited balance sheet, financial statements, copies of ITR etc.-Addition is not valid.

DCIT v. Karmeshwar Exim (P.) Ltd. (2022) 195 ITD 211 (Surat) (Trib.)

S. 56 : Income from other sources-Bonus shares-Provisions of section 56(2)(vii)(c) are not applicable to bonus shares. [S. 56(2)(vii)(c)]

DCIT v. Bhanu Chopra (2022) 195 ITD 767 (Delhi)(Trib.)

S. 56 : Income from other sources-Interest on Enhanced Compensation-Interest received on compensation or on enhanced compensation is taxable under section 56(2)(viii) read with section 145A(b) applicable with effect from 1-4-2010. [S. 56(2)(viii), 145A]

Madhav Pandharinath Kande v. ITO (2022) 195 ITD 579 (Pune) (Trib.)