S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Sale of software-Comparables-Segmental information was not available-Cannot be accepted as comparable.
PCIT v. Microsoft India (R&D) (P.) Ltd (2023) 456 ITR 251 /294 Taxman 342 (SC) Editorial : Microsoft India (R&D) (P.) Ltd v. Dy.CIT (2021) 431 ITR 483 / 197 DTR 409 / 318 CTR 654 /(2023) 153 taxmann.com 199 (Delhi)(HC), affirmed .
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. 90 : Double taxation relief-Taxes deemed to have been payable-Eligible to tax credit- Tax payable -Income by way of dividend, received from its subsidiary in Thailand-Income deemed to accrue or arise in India-DTAA-India-Thailand. [S. 9(1)(i),9(1)(iv), Art. 23(3), 23(5)]
PCIT v. Polyplex Corporation Ltd (2023) 457 ITR 195/ 294 Taxman 751/ 334 CTR 665(Delhi)(HC)S. 80P : Co-operative societies-Deduction-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. 80IC : Special category States-Industraial undertaking-Initial assessment year-Substantial expansion within period of ten years-Eligible deduction-Year of substantial expansion would be initial year for start of 100 Per Cent. deduction. [S. 80IC(8)(ix)]
Tejpal Chaudhary v. CIT (2023) 456 ITR 360 / 294 Taxman 523 / 333 CTR 452(SC) Friends Alloys v. CIT (2023) 456 ITR 360 (SC) Editorial: Tejpal Chaudhary v. CIT (2023) 151 taxmann.com 554 (P& H)(HC), Decision in, Admac Faormulations v. CIT (2018) 409 ITR 661 (P& H) is reversed.S. 80IA : Industrial undertakings-Infrastructure development-Survey-Incumbent on part of Assessing Officer to grant deduction once the Central Government has granted approval. [S. 80IA(4)(iii), 133A, 153A]
PCIT (C) v. Punit Chettiar alias Punit Balan (2023) 457 ITR 32 / 294 Taxman 567 / (2024) 337 CTR 753(Bom.)(HC)S. 69C : Unexplained expenditure-Bogus purchases-No discrepancy between purchases shown and sales declared-Only gross profit ratio can be applied-Order of Tribunal is affirmed. [S.260A]
PCIT v. Anil Jagannath Tiwari (2023) 153 taxmann.com 539 (Bom)(HC) Editorial : SLP of Revenue is dismissed due to low tax affect, PCIT v. Anil Jagannath Tiwari (2023) 294 Taxman 517 (SC)S .69C : Unexplained expenditure-Survey-Bogus purchases-Statement retracted-Deletion of addition by the Tribunal is affirmed. [S.131, 133A 260A]
PCIT v. Yog Oil Traders (2023) 294 Taxman 480 /( 2025) 483 ITR 705 (Bom.)(HC)S. 69B : Amounts of investments not fully disclosed in books of account-Sauda Chithhi-Dumb documents-Incriminating documents-Sale of land-Land was not transferred-Deletion of addition by the Tribunal is affirmed. [S. 45, 260A]
PCIT (C) v. Prabodhchandra Jayantilal Patel (2023) 294 Taxman 440 (Guj.)(HC)S. 69A : Unexplained money-Seizure of gold-Distinctive identification numbers on challans-Deletion of addition by the Tribunal is affirmed. [S. 260A]
PCIT v. Goutam Chakraborty (2023) 294 Taxman 284/ 334 CTR 593 (Cal.)(HC)S. 69A : Unexplained money-Loose papers-Admitted by assessee-Order of Tribunal is affirmed. [S. 260A]
Ramakrishna v. Dy. CIT (2023) 154 taxmann.com 40 (Karn)(HC) Editorial : SLP of assessee is dismissed, C. Ramakrishna v. Dy. CIT (2023) 456 ITR 253 / 294 Taxman 609 (SC)