Direct tax Weekly Digest

Weekly Digest #30 24 Jul to 30 Jul 2022 6 Rulings

High Court HC: Dismisses Revenue's appeal as objection on jurisdiction under Sec.124(4) left undecided during assessment proceedings

Jul 30, 2022

In Favour of : Assessee
Citation Number : TS-603-HC-2022(DEL)

High Court HC: Dismisses Revenue's appeal on Sec.68 additions pursuant to Court approved amalgamation scheme

Jul 30, 2022

In Favour of : Assessee
Citation Number : TS-600-HC-2022(CAL)

Income tax Appellate Tribunal ITAT: TDS on gross contractual payment to digital media agency covered under Sec.194C, not Sec.194J

Jul 30, 2022

In Favour of : Assessee
Citation Number : TS-604-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Amendment to Sec.14A prospective in nature; Follows Delhi HC's Era Infrastructure ruling

Jul 30, 2022

In Favour of : Assessee
Citation Number : TS-598-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Remands case of Coop. Bank over peculiar accounting methodology for claim of bad & doubtful debts

Jul 30, 2022

In Favour of : Both, Partially
Citation Number : TS-597-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Assessee qualifies as VCU, Sec.56(2)(viib) inapplicable on share premium received from VCF

Jul 30, 2022

In Favour of : Assessee
Citation Number : TS-592-ITAT-2022(DEL)

Weekly Digest #29 17 Jul to 23 Jul 2022 6 Rulings

High Court HC: Upholds allowability of Sec.80-IB deduction on pro-rata basis for eligible residential units

Jul 23, 2022

In Favour of : Assessee
Citation Number : TS-581-HC-2022(BOM)

High Court HC: Directs Govt. to quantify scientific research expenditure on SRF's in-house R&D for weighted deduction

Jul 23, 2022

In Favour of : Assessee
Citation Number : TS-572-HC-2022(DEL)

High Court HC: Deletes disallowance for short tax-deduction, correct course of action is Sec.201 proceedings

Jul 23, 2022

In Favour of : Assessee
Citation Number : TS-580-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Forex fluctuation loss allowable on loan transaction between PE and HO

Jul 23, 2022

In Favour of : Assessee
Citation Number : TS-571-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Allows deduction under Chapter VI-A where Trust assessed as AOP, not claimed Sec.11 exemption

Jul 23, 2022

In Favour of : Assessee
Citation Number : TS-569-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Interest under Sec.201(1A) leviable only on professional or technical services fee paid by HRD Ministry to PIU

Jul 23, 2022

In Favour of : Assessee
Citation Number : TS-563-ITAT-2022(DEL)

Weekly Digest #28 10 Jul to 16 Jul 2022 9 Rulings

High Court HC: Restrains from interfering with concurrent fact-finding by lower authorities; Dismisses Revenue's appeal

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-558-HC-2022(DEL)

High Court HC: Assessee not liable for wealth tax where possession of property handed over under development agreement

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-559-HC-2022(KAR)

Income tax Appellate Tribunal ITAT: Software licence & maintenance, GWAN connectivity charges received by EY Global not taxable as royalty

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-560-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Sets aside reassessment on Navajbai Ratan Tata Trust, initiated sans new or tangible material

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-561-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Embezzlement loss, discovered earlier, allowable for AY in which its non-recovery got confirmed

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-549-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Allocation of common expenditure by Dr. Reddy's Labs to tax-exempt units, rectifiable since not debatable

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-553-ITAT-2022(HYD)

Income tax Appellate Tribunal ITAT: Deletes addition of business expenditure disallowed over dispute on commencement of business

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-548-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: DRP procedure prospective, applicable AY 2011-12 onwards; Holds assessment time-barred, follows Madras HC Vedanta ruling

Jul 16, 2022

In Favour of : Assessee
Citation Number : TS-557-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Upholds addition of undisclosed cash, claimed as income from earlier years, disclosed in post-search wealth tax return

Jul 16, 2022

In Favour of : Revenue
Citation Number : TS-554-ITAT-2022(CHNY)

Weekly Digest #27 03 Jul to 09 Jul 2022 10 Rulings

High Court HC: Compensation to end litigation, obtain peaceful & vacant property, not capital expenditure

Jul 09, 2022

In Favour of : Revenue
Citation Number : TS-536-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Dismisses appeal in limine as Assessee was subjected to insolvency proceedings

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-530-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Deletes penalty where Assessee under bona fide belief that journal adjustments permissible under Sec.269SS & 269T

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-532-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Sale of carbon credit, capital receipt where not linked to business but to environmental concern

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-531-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: SFIS credit not taxable as utilized against purchase of capital goods & for setting off excise / customs duty

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-540-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Imperative for Revenue to ascertain profits alleged as derived from arrangement for denying Sec.10AA deduction

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-533-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Foreign rental income declared in returns filed in respective countries, not includible in Indian income

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-535-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Denies Sec.10(23C)(iiiab) exemption where University not ‘substantially funded’ by Govt.

Jul 09, 2022

In Favour of : Revenue
Citation Number : TS-541-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: 'Constitutional Validity' exception to tax-effect Circular not applicable since appeal decided by CIT(A) on merits

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-521-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Agent's method of accounting reflecting increased turnover irrelevant for penalising failure to audit books

Jul 09, 2022

In Favour of : Assessee
Citation Number : TS-539-ITAT-2022(Mum)

Weekly Digest #26 26 Jun to 02 Jul 2022 6 Rulings

Income tax Appellate Tribunal ITAT: Deletes penalty on Linklaters where full disclosure was made despite adverse order on merits

Jul 02, 2022

In Favour of : Assessee
Citation Number : TS-515-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Inadvertent technical fault in challan cannot debar Assessee from claiming DDT credit

Jul 02, 2022

In Favour of : Assessee
Citation Number : TS-516-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Delay of over 500 days in challenging revisionary order not condonable; Ignorance of law no excuse for educated Assessee

Jul 02, 2022

In Favour of : Revenue
Citation Number : TS-518-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Non-service of notice on Assessee in judicial custody renders the revisionary order invalid

Jul 02, 2022

In Favour of : Assessee
Citation Number : TS-512-ITAT-2022(CTK)

Income tax Appellate Tribunal ITAT: Share transfer taxable in India where Assessee's residential status not in dispute

Jul 02, 2022

In Favour of : Revenue
Citation Number : TS-504-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Sec.69A addition on Revenue’s mere disbelief of explanation offered, not sustainable

Jul 02, 2022

In Favour of : Assessee
Citation Number : TS-519-ITAT-2022(PUN)

Weekly Digest #25 19 Jun to 25 Jun 2022 8 Rulings

High Court HC: Quashes ITAT’s order passed against Assessee despite dismissal of Revenue's appeal against prior years' ITAT orders

Jun 25, 2022

In Favour of : Assessee
Citation Number : TS-495-HC-2022(BOM)

High Court HC: Quashes reassessment proceeding for ‘change of opinion’ on sales promotion expense in alleged violation of MCI Regulations

Jun 25, 2022

In Favour of : Assessee
Citation Number : TS-492-HC-2022(BOM)

High Court HC: Prosecution initiated for wilful default on tax-payment fails where ITAT decided in Assessee's favour

Jun 25, 2022

In Favour of : Revenue
Citation Number : TS-501-HC-2022(MAD)

Income tax Appellate Tribunal ITAT: Service Fee paid to UK Company for client-introduction not FTS but regular business expenditure

Jun 25, 2022

In Favour of : Assessee
Citation Number : TS-489-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Quashes reassessment for Biocon sans new material leading to ‘reason to believe’ over Sec.35(2AB) deduction

Jun 25, 2022

In Favour of : Assessee
Citation Number : TS-490-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Legal challenge to reopening not challenged before ITAT earlier, cannot be decided by in remand proceedings

Jun 25, 2022

In Favour of : Both, Partially
Citation Number : TS-502-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Acquiring infrastructure, agreement for operating hotel constitutes business ‘set up’; Allows hotelier's claim of revenue expenditure

Jun 25, 2022

In Favour of : Assessee
Citation Number : TS-496-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Holds appeal filed by or against struck-off company to be maintainable

Jun 25, 2022

In Favour of : Assessee
Citation Number : TS-499-ITAT-2022(DEL)

Weekly Digest #24 12 Jun to 18 Jun 2022 8 Rulings

High Court HC: Quashes prosecution initiated subsequent to deposit of TDS-default amount with interest

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-478-HC-2022(JHAR)

High Court HC: Denies lawyer’s presence during PMLA interrogation sans apprehension of coercion

Jun 18, 2022

In Favour of : Revenue
Citation Number : TS-483-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Quashes Genpact's revisionary order as AO made sufficient inquiries, expressed satisfaction

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-470-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Sec.69A inapplicable on cash deposited during demonetisation, basis past trend of regular deposits

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-479-ITAT-2022(HYD)

Income tax Appellate Tribunal ITAT: Deletes Section 68 addition attributable to loan transaction substantiated by documents, lender’s response to section 133(6)

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-482-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Refund already granted first adjustable against interest component for determining interest under Sec.244A

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-480-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Pendency of appeal against ITAT’s order favouring Assessee, no reason to cancel Sec.12A registration

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-477-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Mere cash deposits by Assessee cannot be construed as undisclosed income, quashes reassessment

Jun 18, 2022

In Favour of : Assessee
Citation Number : TS-475-ITAT-2022(PUN)

Weekly Digest #23 05 Jun to 11 Jun 2022 9 Rulings

High Court HC: Remands reassessment proceeding since Assessee's adjournment request not considered, SCN sent on wrong email

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-454-HC-2022(DEL)

High Court HC: Allows Assessee to argue on applicable tax rate before ITAT, left undecided by DRP

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-461-HC-2022(KAR)

Income tax Appellate Tribunal ITAT: Camera charges, interest income for snake catchers society eligible for 80P deduction

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-449-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Differential stamp duty arising due to purchase of property other than one originally agreed, not taxable

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-450-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Communication charges paid to Cerner Corp. not taxable as royalty, not liable for TDS

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-456-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Development charges paid to town planning authorities not liable to TDS; Deletes Sec.271C penalty

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-464-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Manner of disbursement not decisive for determining nature of subsidy; Holds incentive for industrial growth, capital receipt

Jun 11, 2022

In Favour of : Assessee
Citation Number : TS-460-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Submission in rectification proceeding cannot lead to review of order; Dismisses MA

Jun 11, 2022

In Favour of : Revenue
Citation Number : TS-466-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Taxability of corpus donation, debatable issue, not rectifiable under Sec.154

Jun 11, 2022

In Favour of : Revenue
Citation Number : TS-463-ITAT-2022(CHNY)

Weekly Digest #22 29 May to 04 Jun 2022 10 Rulings

High Court HC: Reasons to believe based on RERA complaint lacked application of mind by Revenue; Quashes Sec.148 notice

Jun 04, 2022

In Favour of : Assessee
Citation Number : TS-438-HC-2022(BOM)

High Court HC: Rejects writ against revisionary order for availability of appellate remedy before ITAT

Jun 04, 2022

In Favour of : Revenue
Citation Number : TS-398-HC-2022(MAD)

Income tax Appellate Tribunal ITAT: Remits appeal over Revenue's 'colourable device' finding on valuation report & goodwill in business acquisition

Jun 04, 2022

In Favour of : None/NA
Citation Number : TS-436-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Power to rectify does not extend to orders passed under Sec.254(2); Dismisses Revenue's MA

Jun 03, 2022

In Favour of : Assessee
Citation Number : TS-441-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Payment for benchmarking services not FIS, not taxable as business income in absence of PE

Jun 04, 2022

In Favour of : Assessee
Citation Number : TS-432-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Remittances to Cambridge University & IB for imparting instructions on syllabus not taxable as FTS

Jun 04, 2022

In Favour of : Assessee
Citation Number : TS-430-ITAT-2022(HYD)

Income tax Appellate Tribunal ITAT: Assessee not liable for interest where not found as TCS defaulter

Jun 04, 2022

In Favour of : Assessee
Citation Number : TS-437-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Section 45(2) inapplicable on failure to demonstrate conversion of stock-in-trade, basis accounting entries

Jun 04, 2022

In Favour of : Assessee
Citation Number : TS-439-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Mere reference to Assessee as ‘contractor’ insufficient to deny deduction under Section 80-IA

Jun 04, 2022

In Favour of : Assessee
Citation Number : TS-434-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Confirms revision over examination of source of source for share application money

Jun 04, 2022

In Favour of : Revenue
Citation Number : TS-404-ITAT-2022(Mum)

Weekly Digest #21 22 May to 28 May 2022 10 Rulings

High Court HC: Quashes reassessment notice involving alleged rigging of penny stock; Finds no failure in information disclosure

May 28, 2022

In Favour of : Assessee
Citation Number : TS-414-HC-2022(BOM)

High Court HC: Development authority taxable since income vests with State Govt. only on dissolution; Rejects 'diversion of income' plea

May 28, 2022

In Favour of : Revenue
Citation Number : TS-413-HC-2022(UTT)

High Court HC: Sets aside penalty on DGIT(Vigilance) by CIC in absence of proven mala fide

May 28, 2022

In Favour of : Revenue
Citation Number : TS-415-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Sec.270A penalty order not appealable before ITAT, lies before CIT(A) since covered under Sec.246A(1)(q)

May 28, 2022

In Favour of : Revenue
Citation Number : TS-410-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Expertise no bar for trading in commodity derivatives; Allows Radiologist set off against other business income

May 28, 2022

In Favour of : Assessee
Citation Number : TS-411-ITAT-2022(LKW)

Income tax Appellate Tribunal ITAT: Upholds eligibility for Sec.10A exemption for period where Assessee’s exports were certified for valuation

May 28, 2022

In Favour of : Assessee
Citation Number : TS-408-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Restores appeal against reassessment over Rs.70 Lakh cash deposit by non-filer Assessee

May 28, 2022

In Favour of : Both, Partially
Citation Number : TS-407-ITAT-2022(CHANDI)

Income tax Appellate Tribunal ITAT: Upholds disallowance of amount paid through bearer cheques & weekly payments to contractors

May 28, 2022

In Favour of : Revenue
Citation Number : TS-406-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Holds deduction under Sec.80-IC not available while computing book profits for MAT

May 28, 2022

In Favour of : Revenue
Citation Number : TS-405-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Provision for doubtful debts excludible from total turnover, at par with export turnover, for Sec.10A deduction

May 28, 2022

In Favour of : Assessee
Citation Number : TS-412-ITAT-2022(CHNY)

Weekly Digest #20 15 May to 21 May 2022 8 Rulings

High Court HC: Commission to directors & relatives with no special expertise in procurement, unreasonable; Upholds Sec.37 disallowance

May 21, 2022

In Favour of : Revenue
Citation Number : TS-374-HC-2022(ORI)

Income tax Appellate Tribunal ITAT: Holds adjustment of brought forwards capital losses against tax-exempt capital gain as unsustainable

May 21, 2022

In Favour of : Assessee
Citation Number : TS-386-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Sale of equipment concluded outside India, not taxable; Relies on SC ruling in Ishikawajima Harima

May 21, 2022

In Favour of : Assessee
Citation Number : TS-387-ITAT-2022(DDN)

Income tax Appellate Tribunal ITAT: Remands issue of taxability of sum received from Hutch as royalty; Considers Assessee’s MFN Clause plea

May 21, 2022

In Favour of : None/NA
Citation Number : TS-380-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Bonus issue not received for inadequate consideration; Holds Sec.56(2)(vii)(c) inapplicable

May 21, 2022

In Favour of : Assessee
Citation Number : TS-388-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Upholds revisionary order since original assessment completed without proper enquiries

May 21, 2022

In Favour of : Revenue
Citation Number : TS-377-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Settling creditors prior to receipt of BSE shares, not relevant for computing capital gains from share-sale

May 21, 2022

In Favour of : Revenue
Citation Number : TS-363-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Rejects revisionary order against real estate developer over valuation of WIP, finds accounting compliant with ICAI Guidelines

May 21, 2022

In Favour of : Assessee
Citation Number : TS-369-ITAT-2022(Ahd)

Weekly Digest #19 08 May to 14 May 2022 8 Rulings

High Court HC: Expenses incidental to imparting training not deterrent to Sec.10(23C) exemption

May 14, 2022

In Favour of : Assessee
Citation Number : TS-367-HC-2022(ORI)

Income tax Appellate Tribunal ITAT: Arbitration award received by partner without specific mention of retirement, not taxable under Sec.28(iv)

May 14, 2022

In Favour of : Assessee
Citation Number : TS-353-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Income from Carbon Credits, capital receipt; Gain from interest/currency swap agreement taxable on loan-settlement

May 14, 2022

In Favour of : Assessee
Citation Number : TS-362-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Management fee prior to project-completion in SEZ, not revenue expenditure; Denies plea of consistency

May 14, 2022

In Favour of : Assessee
Citation Number : TS-370-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Adjustment under Sec.143(1) without intimation, legally invalid; Finds NFAC's functioning mechanical

May 14, 2022

In Favour of : Assessee
Citation Number : TS-355-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Holds CAM charges contractual payments, Lifestyle International liable for TDS under Sec.194C, not Sec.194-I

May 14, 2022

In Favour of : Assessee
Citation Number : TS-352-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Upholds revision where Sec.80-IA claim allowed contrary to requirement of Sec.80(5); Rejects challenge to jurisdiction-transfer

May 14, 2022

In Favour of : Revenue
Citation Number : TS-365-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Holds interest on loan availed for strategic investment in US-subsidiary, revenue in nature

May 14, 2022

In Favour of : Assessee
Citation Number : TS-366-ITAT-2022(PUN)

Weekly Digest #18 01 May to 07 May 2022 8 Rulings

High Court HC: Eight hours to respond to show cause notice, unreasonable & ineffective; Sets aside reassessment order

May 06, 2022

In Favour of : Assessee
Citation Number : TS-345-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Delay not attributable to Infosys; Extends stay on outstanding demand of about Rs.1,029 Cr.

May 07, 2022

In Favour of : Assessee
Citation Number : TS-349-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Allows TVS set off of loss from Sec.80-IC unit against income of ineligible unit

May 07, 2022

In Favour of : Assessee
Citation Number : TS-338-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: No prohibition against NRI accepting gifts from relatives, holds Sec. 68 additions unsustainable

May 07, 2022

In Favour of : Both, Partially
Citation Number : TS-348-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Advance paid by spouse and reimbursed by Assessee eligible for benefit under Section 54F

May 07, 2022

In Favour of : Assessee
Citation Number : TS-347-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Restores matter for examining additional evidence over disallowance of service tax offered to tax in year of refund

May 07, 2022

In Favour of : None/NA
Citation Number : TS-350-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Payments made to harvesting contractors by sugar manufacture liable for TDS under Sec.194C

May 07, 2022

In Favour of : Revenue
Citation Number : TS-346-ITAT-2022(PAN)

Income tax Appellate Tribunal ITAT: Deletes disallowance of interest not included in WIP & on borrowings advanced to sister concern

May 07, 2022

In Favour of : Assessee
Citation Number : TS-343-ITAT-2022(PAN)

Weekly Digest #17 24 Apr to 30 Apr 2022 9 Rulings

High Court HC: Holds cancellation of Trust’s registration basis third party statement, devoid of satisfaction under Sec 12AA(3), unsustainable

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-326-HC-2022(CAL)

Income tax Appellate Tribunal ITAT: Holds additions basis change in accounting method for AMC contract revenue, untenable

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-323-ITAT-2022(CHNY)

Income tax Appellate Tribunal ITAT: Disallows Havmor interest on borrowings for extension of business, reflected as Capital WIP

Apr 30, 2022

In Favour of : Both, Partially
Citation Number : TS-322-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Non-compete fee, ‘a right in personam’, ineligible for depreciation under Sec.32

Apr 30, 2022

In Favour of : Revenue
Citation Number : TS-325-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Royalty paid by Nefab India for technical know-how under licence agreement with Swedish parent, revenue expenditure

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-320-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Interest on delayed payment of TDS, compensatory in nature, deductible in computing taxable income

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-330-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Interest on sum paid to National Pharma Pricing Authority for drugs' overpricing, allowable under Sec.37(1) & 43B

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-311-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Transportation business carried out through hired vehicles not covered by Sec.194C

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-314-ITAT-2022(SUR)

Income tax Appellate Tribunal ITAT: Receipts from sale of Microsoft's retail products, cloud services not taxable as royalty

Apr 30, 2022

In Favour of : Assessee
Citation Number : TS-317-ITAT-2022(DEL)

Weekly Digest #16 17 Apr to 23 Apr 2022 11 Rulings

High Court HC: Follows other HCs in reassessment controversy; Quashes notice issued under old regime, grants Revenue liberty to reissue notices

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-309-HC-2022(KAR)

High Court HC: Quashes reassessment notice as JAO admits ‘bonafide mistake’ due to work load

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-306-HC-2022(BOM)

Income tax Appellate Tribunal ITAT: Holds MOL Corp’s revenue from product licencing fees, cloud services not taxable as royalty

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-307-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Rules on allowability of commission expense, ad hoc disallowance in Wuhan Research Institute’s case

Apr 23, 2022

In Favour of : Both, Partially
Citation Number : TS-280-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Allows expenditure incurred by Cineyug to retain infrastructure during temporary lull in business

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-301-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Deletes ad hoc disallowance of cash expenditure on fuel, freight for transport operator

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-303-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Restores matter in EduNxt's case over royalty issue in light of SC ruling in Engineering Analysis

Apr 23, 2022

In Favour of : None/NA
Citation Number : TS-302-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Computation under Sec.11(1)(a) basis actual receipts contrary to law; Allows computation based on actual income

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-308-ITAT-2022(PAN)

Income tax Appellate Tribunal ITAT: Restores issue of allowability of depreciation on revalued building pursuant to conversion of firm into company

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-298-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Condones delay of over 500 days in filing appeal before CIT(A) in non-resident's case

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-300-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Loss on abandoned projects, capital in nature, eligible for set off in relevant year

Apr 23, 2022

In Favour of : Assessee
Citation Number : TS-299-ITAT-2022(CHNY)

Weekly Digest #15 10 Apr to 16 Apr 2022 6 Rulings

High Court HC: Upholds disallowance of bonus paid to directors in lieu of dividend; Reiterates settled legal position

Apr 16, 2022

In Favour of : Revenue
Citation Number : TS-276-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Yatra Online’s deposits with airlines rendered irrecoverable due to bankruptcy, allowable as business loss

Apr 16, 2022

In Favour of : Assessee
Citation Number : TS-282-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Floor demolished prior to transfer of property not relevant for computing Capital Gains

Apr 16, 2022

In Favour of : Revenue
Citation Number : TS-279-ITAT-2022(VIZ)

Income tax Appellate Tribunal ITAT: Private Discretionary Trust taxable as AOP, not Individual, basis definition of Person under Sec.2(31)

Apr 16, 2022

In Favour of : Revenue
Citation Number : TS-284-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Upholds taxability as capital gains in partner's hands where JDA for property not part of firm’s business

Apr 16, 2022

In Favour of : Revenue
Citation Number : TS-286-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Allows rectification of Sec.80-IA claim over adjustment of brought forward unabsorbed depreciation

Apr 16, 2022

In Favour of : Revenue
Citation Number : TS-285-ITAT-2022(Ahd)

Weekly Digest #14 03 Apr to 09 Apr 2022 11 Rulings

High Court HC: Shows leniency to FAO as order passed in breach of guidelines on reassessment procedure stands withdrawn

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-261-HC-2022(BOM)

High Court HC: Upholds Hamdard National Foundation's exemption, basis factual finding that scholarship not limited to particular community

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-262-HC-2022(DEL)

High Court HC: Quashes reassessment proceeding in Sun N Sand Hotels' case basis change of opinion over Sec.80-IA deduction

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-255-HC-2022(BOM)

Income tax Appellate Tribunal ITAT: Revenue to examine nature of payments made by Truly Madly to Apple, Google & LinkedIn for applicability of Sec.195

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-260-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Upholds surveillance fee's taxability as per CARE's accounting policy; Allows proportionate TDS credit

Apr 09, 2022

In Favour of : Both, Partially
Citation Number : TS-1204-ITAT-2021(Mum)

Income tax Appellate Tribunal ITAT: Commission/brokerage paid to foreign agent, not liable for TDS under Sec.195 absent PE in India

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-250-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Sets aside revision in Britannia's case over Sec.35(2AB) deduction, advertisement on LinkedIn

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-258-ITAT-2022(Kol)

Income tax Appellate Tribunal ITAT: Allows claim for TDS credit where corresponding income offered to tax in prior years

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-253-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Marked-to-market loss on valuation of CER, not contingent loss; Rejects Revenue's capital loss plea

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-257-ITAT-2022(Kol)

Income tax Appellate Tribunal ITAT: Assessee's status as co-operative society prerequisite for Sec.80P deduction; Restores matter to CIT(A) for verification

Apr 09, 2022

In Favour of : Revenue
Citation Number : TS-252-ITAT-2022(ALLD)

Income tax Appellate Tribunal ITAT: Affordable housing project by Lucknow Development Authority covered under charitable purpose clause

Apr 09, 2022

In Favour of : Assessee
Citation Number : TS-232-ITAT-2022(LKW)

Weekly Digest #13 27 Mar to 02 Apr 2022 10 Rulings

High Court HC: Directs CIT to decide Tata Teleservices' stay application on basic principles against Rs.42.40 Cr demand

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-244-HC-2022(DEL)

Income tax Appellate Tribunal ITAT: Draft order coupled with demand, penalty notice not final assessment order where Sec.144C regime duly followed

Apr 02, 2022

In Favour of : Both, Partially
Citation Number : TS-210-ITAT-2022(HYD)

Income tax Appellate Tribunal ITAT: Treats parking space not attached to flat under purchase agreement as independent asset for capital gains

Apr 02, 2022

In Favour of : Both, Partially
Citation Number : TS-241-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Allows Reckitt Benckiser’s claim under Sec.80-IC on unrealised foreign exchange gain

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-228-ITAT-2022(Ahd)

Income tax Appellate Tribunal ITAT: Holds Sec. 69C inapplicable, Revenue’s apprehension of non-existence of creditor over failure to deliver summons unfounded

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-243-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Profit attribution in Alcatel Lucent, Portugal's case basis group entity's order, invalid; Directs de novo adjudication

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-239-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Allows Sec. 10A exemption after denial under Sec.10B where Assessee met requisite conditions

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-242-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Upholds disallowance of depreciation on speedboat, earlier allowed due to limited scrutiny

Apr 02, 2022

In Favour of : Revenue
Citation Number : TS-237-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Limitation under Sec.263 to be reckoned from assessment order where subject matter of revision not covered in reassessment order

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-240-ITAT-2022(Kol)

Income tax Appellate Tribunal ITAT: Sec.69A inapplicable on deposits made post-demonetisation since currency's value guaranteed till Dec 31, 2016

Apr 02, 2022

In Favour of : Assessee
Citation Number : TS-238-ITAT-2022(VIZ)

Weekly Digest #12 20 Mar to 26 Mar 2022 10 Rulings

High Court HC: Quashes reassessment notice as reasons to believe contrary to Revenue's stand in related appellate proceedings

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-215-HC-2022(BOM)

Income tax Appellate Tribunal ITAT: Absence of reasons for accepting Assessee’s explanation in assessment proceeding, insufficient for invoking Sec.263

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-199-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Interest on unsecured loans from related parties at 18%, not 'excessive and unreasonable' considering business contingencies

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-204-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Deletes addition for deemed rental income based on unreasonable quantification

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-205-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Lull in production no reason to disallow depreciation since assets put to use

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-203-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Interest under Sec. 24 not deductible sans proof of completion of construction & readiness to let out

Mar 26, 2022

In Favour of : Revenue
Citation Number : TS-193-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Sec.23(5) inapplicable prior to AY 2018-19, hypothetical rent from unsold stock not taxable as business income

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-211-ITAT-2022(PUN)

Income tax Appellate Tribunal ITAT: Addition based on information received from Mauritius subsequent to search not tenable in non-abated assessment

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-212-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Form 67 filing directory, not mandatory, remands matter to ascertain allowability of FTC

Mar 26, 2022

In Favour of : Assessee
Citation Number : TS-214-ITAT-2022(Bang)

Income tax Appellate Tribunal ITAT: Reiterates legal position on 16 years period for reopening of assessment; Follows Dilip Thakkar ruling

Mar 26, 2022

In Favour of : Revenue
Citation Number : TS-213-ITAT-2022(Mum)

Weekly Digest #11 13 Mar to 19 Mar 2022 6 Rulings

High Court HC: Sets aside order disposing of objection, directs for speaking order on issue of limitation

Mar 19, 2022

In Favour of : Assessee
Citation Number : TS-187-HC-2022(CAL)

Income tax Appellate Tribunal ITAT: Tax on Sajid Nadiadwala's producer fee deductible under Sec.194J, not Sec.192

Mar 19, 2022

In Favour of : Assessee
Citation Number : TS-165-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Deletes addition of ‘peak balance’ in foreign bank account unsubstantiated by proof of beneficial ownership

Mar 19, 2022

In Favour of : Assessee
Citation Number : TS-188-ITAT-2022(Mum)

Income tax Appellate Tribunal ITAT: Net income alone chargeable to tax, on maturity of LIC policy, where Sec.10(10D) inapplicable

Mar 19, 2022

In Favour of : Assessee
Citation Number : TS-184-ITAT-2022(Kol)

Income tax Appellate Tribunal ITAT: Income from access to online database, not royalty under India-US DTAA

Mar 19, 2022

In Favour of : Assessee
Citation Number : TS-186-ITAT-2022(DEL)

Income tax Appellate Tribunal ITAT: Disallows provision for bad debts for electricity company de hors regulatory requirements

Mar 19, 2022

In Favour of : Revenue
Citation Number : TS-183-ITAT-2022(CHNY)