Weekly Digest
High Court
HC: Upholds deletion of Sec.40(a)(i) disallowance on commission paid to overseas agent
Aug 05, 2023
- In Favour of : Assessee
- Citation Number : TS-430-HC-2023(DEL)
High Court
HC: Quashes reassessment notice over incorrect invocation of Sec. 50C; Condemns non-application of mind
Jul 29, 2023
- In Favour of : Assessee
- Citation Number : TS-416-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Upholds revision since original assessment lacked proper inquiry on sales incentive
Aug 05, 2023
- In Favour of : Revenue
- Citation Number : TS-425-ITAT-2023(Bang)
Income tax Appellate Tribunal
ITAT: Entries in seized books presumed to be correct unless rebutted by Revenue
Aug 05, 2023
- In Favour of : Both, Partially
- Citation Number : TS-428-ITAT-2023(DEL)
High Court
HC: Quashes assessment absent delivery proof of SCN/draft order on Assessee’s email
Jul 29, 2023
- In Favour of : Assessee
- Citation Number : TS-391-HC-2023(MAD)
High Court
HC: Quashes reassessment notice over incorrect invocation of Sec. 50C; Condemns non-application of mind
Jul 29, 2023
- In Favour of : Assessee
- Citation Number : TS-416-HC-2023(DEL)
High Court
HC: Directs re-examination of Assessee's submission on foreign remittances; Sets aside reassessment proceedings
Jul 29, 2023
- In Favour of : Assessee
- Citation Number : TS-412-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Allows tax-exemption on enhanced compensation from compulsory 'agricultural land' acquisition
Jul 29, 2023
- In Favour of : Assessee
- Citation Number : TS-399-ITAT-2023(DEL)
High Court
HC: Excess depreciation withdrawn before detection by Revenue, penalty not sustainable
Jul 22, 2023
- In Favour of : Assessee
- Citation Number : TS-395-HC-2023(GUJ)
High Court
HC: Sets aside ITSC's order lacking reason for taxing interest before due date
Jul 22, 2023
- In Favour of : Assessee
- Citation Number : TS-381-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: CCD 'debt instrument' until conversion into equity; Interest allowable as revenue expenditure
Jul 22, 2023
- In Favour of : Assessee
- Citation Number : TS-404-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Confirms addition of ‘demonetisation deposit’; Rejects plea of cash gift on marriage
Jul 22, 2023
- In Favour of : Revenue
- Citation Number : TS-401-ITAT-2023(CHNY)
Income tax Appellate Tribunal
ITAT: Disallows marketing expense due to Ind AS 115 & matching concept
Jul 22, 2023
- In Favour of : Both, Partially
- Citation Number : TS-385-ITAT-2023(Kol)
High Court
HC: Rules on nature of subsidy, depreciation on UPS for Nestle India
Jul 15, 2023
- In Favour of : Assessee
- Citation Number : TS-387-HC-2023(DEL)
High Court
HC: Quashes Vedanta’s reassessment notice, basis change of opinion, over nature of expenditure
Jul 15, 2023
- In Favour of : Assessee
- Citation Number : TS-379-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: Sales promotion expenditure allowability prior to Apex Labs ruling debatable, not rectifiable
Jul 15, 2023
- In Favour of : Assessee
- Citation Number : TS-377-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: 'Make Available' not satisfied as services provided on continuous basis; Managerial services, not FTS
Jul 15, 2023
- In Favour of : Assessee
- Citation Number : TS-384-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Revenue failed to dislodge facts established by Assessee; Deletes Sec.68 addition
Jul 15, 2023
- In Favour of : Assessee
- Citation Number : TS-338-ITAT-2023(DEL)
High Court
HC: Reiterates legal position on 'substantial question of law', disputes over facts & circumstances not covered
Jul 08, 2023
- In Favour of : Assessee
- Citation Number : TS-370-HC-2023(GUJ)
High Court
HC: 'Active PAN' no justification to initiate reassessment against deceased person, defect incurable
Jul 08, 2023
- In Favour of : Assessee
- Citation Number : TS-367-HC-2023(BOM)
High Court
HC: Directs release of seized gold where no demand pending against Assessee
Jul 08, 2023
- In Favour of : Assessee
- Citation Number : TS-366-HC-2023(GUJ)
Income tax Appellate Tribunal
ITAT: Directs Revenue to enquire marketing agency for deciding true nature of expenditure
Jul 08, 2023
- In Favour of : None/NA
- Citation Number : TS-352-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Upholds Sec.143(1) adjustment of Individual's Club Membership Fees as capital expenditure
Jul 08, 2023
- In Favour of : Revenue
- Citation Number : TS-365-ITAT-2023(Mum)
High Court
HC: Quashes reassessment proceedings as Revenue treated purchase of immovable property as sale transaction
Jul 01, 2023
- In Favour of : Assessee
- Citation Number : TS-353-HC-2023(DEL)
High Court
HC: Quashes reassessment proceedings stemming from co-owner’s revisionary order as based on borrowed satisfaction
Jul 01, 2023
- In Favour of : Assessee
- Citation Number : TS-358-HC-2023(GUJ)
Income tax Appellate Tribunal
ITAT: No power with CIT(E) to condone delay in filing of approval for Sec.10(23C)(vi) exemption
Jul 01, 2023
- In Favour of : Both, Partially
- Citation Number : TS-354-ITAT-2023(RAI)
Income tax Appellate Tribunal
ITAT: Hotel management license fees from Four Seasons, not rental but business income
Jul 01, 2023
- In Favour of : Assessee
- Citation Number : TS-343-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Sustains addition involving transaction with commodity traders for non-fulfilment of Sec.68 prerequisites
Jul 01, 2023
- In Favour of : Revenue
- Citation Number : TS-342-ITAT-2023(Mum)
High Court
HC: Disparity between Sec.148A(d) order & Sec.148A(b) notice, violative of natural justice
Jun 24, 2023
- In Favour of : Assessee
- Citation Number : TS-334-HC-2023(CAL)
High Court
HC: Allows write-off of irrecoverable intra-group advance under Sec.28, citing commercial expediency
Jun 24, 2023
- In Favour of : Assessee
- Citation Number : TS-329-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: Quashes revision against taxability of interest on enhanced compensation as Capital Gains
Jun 24, 2023
- In Favour of : Assessee
- Citation Number : TS-332-ITAT-2023(Kol)
Income tax Appellate Tribunal
ITAT: Voluntariness no prerequisite for Sec.80G; Directs Revenue to re-verify CSR expenditure claim
Jun 24, 2023
- In Favour of : Assessee
- Citation Number : TS-340-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Absent income element, no TDS on reimbursement made to NR group co.
Jun 24, 2023
- In Favour of : Assessee
- Citation Number : TS-324-ITAT-2023(CHNY)
High Court
HC: Declines HSBC’s writ challenging reassessment proceedings due to alternative remedy
Jun 17, 2023
- In Favour of : Revenue
- Citation Number : TS-322-HC-2023(TEL)
Income tax Appellate Tribunal
ITAT: Condones 1600 days' delay in appeal-filing, endorses substantial justice over technicalities
Jun 17, 2023
- In Favour of : Assessee
- Citation Number : TS-319-ITAT-2023(Kol)
Income tax Appellate Tribunal
ITAT: Income from sale of land by Statutory Corporation, charitable in nature
Jun 17, 2023
- In Favour of : Assessee
- Citation Number : TS-314-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Upholds Sec.68 addition for penny stock gain as Assessee fails to discharge onus
Jun 17, 2023
- In Favour of : Revenue
- Citation Number : TS-317-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Deletes Sec.271(1)(c) penalty sans specific charge in SCN; Follows Karnataka HC's Manjunatha ruling
Jun 17, 2023
- In Favour of : Assessee
- Citation Number : TS-323-ITAT-2023(RAI)
Income tax Appellate Tribunal
ITAT: Penalty for late filing return not compensatory in nature, disallowed under Sec.37(1)
Jun 10, 2023
- In Favour of : Revenue
- Citation Number : TS-306-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Fee for Director's club membership in individual category, allowable business expenditure
Jun 10, 2023
- In Favour of : Assessee
- Citation Number : TS-305-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Interest on temporary FDs eligible for Sec.10AA exemption; Follows Hewlett Packard ruling
Jun 10, 2023
- In Favour of : Assessee
- Citation Number : TS-298-ITAT-2023(Bang)
Income tax Appellate Tribunal
ITAT: Sec.80-IC claim through ITR, directory; Deduction allowable during assessment proceedings
Jun 10, 2023
- In Favour of : Assessee
- Citation Number : TS-301-ITAT-2023(DEL)
High Court
HC: Examining prima facie case, balance of convenience & financial stringency mandatory in stay applications
Jun 03, 2023
- In Favour of : Assessee
- Citation Number : TS-294-HC-2023(JHAR)
High Court
HC: Settlement application not maintainable absent reassessment notice issued & expiry of regular assessment timeline
Jun 03, 2023
- In Favour of : Revenue
- Citation Number : TS-280-HC-2023(DEL)
High Court
HC: Quashes reassessment order for denial of hearing over valuation of property; Grants hearing
Jun 03, 2023
- In Favour of : Assessee
- Citation Number : TS-288-HC-2023(MAD)
Income tax Appellate Tribunal
ITAT: Upholds suo motu rectification for disallowing delayed ESI/PF payment, following Checkmate ruling
Jun 03, 2023
- In Favour of : Revenue
- Citation Number : TS-285-ITAT-2023(PUN)
Income tax Appellate Tribunal
ITAT: Following Delhi HC's Brandix ruling, holds assessment order sans DIN as ‘non est’
Jun 03, 2023
- In Favour of : Assessee
- Citation Number : TS-293-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: No ad-hoc disallowance of commission expenses, cites similar expenses allowed in preceding AYs
May 27, 2023
- In Favour of : Assessee
- Citation Number : TS-282-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Sec.194J applicable on payments to 'consultant' doctors; Sec.192 inapplicable absent employee-employer relationship
May 27, 2023
- In Favour of : Assessee
- Citation Number : TS-270-ITAT-2023(CHNY)
Income tax Appellate Tribunal
ITAT: Denies Sec.11 exemption for Form 10B delay where no condonation application preferred
May 27, 2023
- In Favour of : Assessee
- Citation Number : TS-273-ITAT-2023(RAI)
Income tax Appellate Tribunal
ITAT: No TDS liability on year-end provisions, reversed in subsequent AY, absent payee-identification
May 27, 2023
- In Favour of : Assessee
- Citation Number : TS-275-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Commission agent's bona fide belief of Sec.44AB non-applicability, justifiable for deleting Sec.271B penalty
May 27, 2023
- In Favour of : Assessee
- Citation Number : TS-276-ITAT-2023(DEL)
High Court
HC: Expounds on scope of writ powers vis-a-vis reassessment proceedings while dismissing Assessee's petition
May 20, 2023
- In Favour of : Revenue
- Citation Number : TS-263-HC-2023(ALL)
High Court
HC: Rejects case transfer in absence of cogent material evidencing connection with searched entity
May 20, 2023
- In Favour of : Assessee
- Citation Number : TS-237-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: Denies Sec.80P deduction to co-operative society on FD interest from co-op bank
May 20, 2023
- In Favour of : Assessee
- Citation Number : TS-255-ITAT-2023(Bang)
Income tax Appellate Tribunal
ITAT: Assessment order passed on non-existent entity, illegal; Follows Maruti Suzuki over Mahagun Realtors
May 20, 2023
- In Favour of : Assessee
- Citation Number : TS-262-ITAT-2023(PUN)
Income tax Appellate Tribunal
ITAT: Delay in employees' PF remittance 'indicated' in Form-3CD, sufficient for Sec.143(1) adjustment
May 20, 2023
- In Favour of : Revenue
- Citation Number : TS-265-ITAT-2023(Kol)
High Court
HC: Allows adjustment of tax paid under invalid IDS declaration against VsV liability
May 13, 2023
- In Favour of : Assessee
- Citation Number : TS-236-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: Subscription fees for providing access to online database, not royalty
May 13, 2023
- In Favour of : Assessee
- Citation Number : TS-228-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Administrative cost reimbursed to Goldman Sachs US for campus development, not FIS
May 13, 2023
- In Favour of : Assessee
- Citation Number : TS-248-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Seconded employees' salary reimbursement not FTS; Follows Flipkart & Abbey Business ruling
May 13, 2023
- In Favour of : Assessee
- Citation Number : TS-242-ITAT-2023(Bang)
Income tax Appellate Tribunal
ITAT: Sec.115BBE inapplicable where satisfaction for Sec.68/69 invocation not recorded; Quashes rectification order
May 13, 2023
- In Favour of : Assessee
- Citation Number : TS-246-ITAT-2023(HYD)
Income tax Appellate Tribunal
ITAT: Deletes Sec.234E fee levied for pre-June 2015 period: Sec.200A amendment applicable prospectively
May 13, 2023
- In Favour of : Assessee
- Citation Number : TS-227-ITAT-2023(Mum)
High Court
HC: 13 hours response time for SCN, against natural justice; Revenue to consider matter afresh
May 06, 2023
- In Favour of : Assessee
- Citation Number : TS-226-HC-2023(MAD)
Income tax Appellate Tribunal
ITAT: Rejects Sec.69A addition where cash deposits reflected as sales & accepted by Revenue
May 06, 2023
- In Favour of : Assessee
- Citation Number : TS-209-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Allows TDS credit to deceased sole trustee over tax deducted on Trust's income
May 06, 2023
- In Favour of : Assessee
- Citation Number : TS-230-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Sec.80-IA deduction allowable where agreement is with Govt. recognised nodal agency
May 06, 2023
- In Favour of : Assessee
- Citation Number : TS-225-ITAT-2023(Kol)
High Court
HC: Information sans 'material relied upon' violative of Sec.148A(b), renders proceedings invalid
Apr 29, 2023
- In Favour of : Assessee
- Citation Number : TS-219-HC-2023(BOM)
High Court
HC: Upholds Sec.47(iv) exemption on transfer of “Trunk Infrastructure Asset” by realtor to WOS
Apr 29, 2023
- In Favour of : Assessee
- Citation Number : TS-208-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Receipts from builder for alternate accommodation & hardship during redevelopment, capital in nature
Apr 29, 2023
- In Favour of : Assessee
- Citation Number : TS-214-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: AO duty-bound to guide compliant non-resident on taxability; Directs order on merits
Apr 29, 2023
- In Favour of : Assessee
- Citation Number : TS-192-ITAT-2023(JPR)
High Court
HC: Assessment order sans DIN 'non est', Sec.292B inapplicable; CBDT Circular binds Revenue
Apr 13, 2023
- In Favour of : Assessee
- Citation Number : TS-184-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Rules on loss due to conversion of old jewellery & excess gold found during Survey
Apr 29, 2023
- In Favour of : Both, Partially
- Citation Number : TS-220-ITAT-2023(CHNY)
High Court
HC: Provision for investment's diminution, pursuant to RBI direction, allowable under Sec.37
Apr 22, 2023
- In Favour of : Assessee
- Citation Number : TS-186-HC-2023(CAL)
Income tax Appellate Tribunal
ITAT: Penny stock transaction designed to plough back unaccounted income; Denies Sec.10(38) exemption
Apr 22, 2023
- In Favour of : Revenue
- Citation Number : TS-189-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Adjustment in returned income by CPC without hearing Assessee, null & void
Apr 22, 2023
- In Favour of : Assessee
- Citation Number : TS-191-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Confirms addition of 'demonetisation deposit'; Rejects plea of unutilised gift from sister-in-law
Apr 22, 2023
- In Favour of : Assessee
- Citation Number : TS-195-ITAT-2023(CHNY)
Income tax Appellate Tribunal
ITAT: Rejects revision of investment income as business income, NBFC maintained distinct portfolios
Apr 22, 2023
- In Favour of : Assessee
- Citation Number : TS-196-ITAT-2023(CHNY)
Income tax Appellate Tribunal
ITAT: Rules on Sec.80HHE deduction, allowability of non-compete fees & other corporate-tax issues
Apr 22, 2023
- In Favour of : Revenue
- Citation Number : TS-198-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: No TDS on 'cost reimbursement' to non-resident HO for employee deputation
Apr 22, 2023
- In Favour of : Assessee
- Citation Number : TS-200-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Reimbursement of Morgan Stanley's seconded employees' salary, not FIS; Accepts 'double-taxation' plea
Apr 15, 2023
- In Favour of : Assessee
- Citation Number : TS-179-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Day-to-day administrative support services by Jefferies to group entities, not FIS
Apr 15, 2023
- In Favour of : Assessee
- Citation Number : TS-175-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Rejects 'Force of Attraction', PE constitution in construction projects; Accepts taxability as FTS
Apr 15, 2023
- In Favour of : Assessee
- Citation Number : TS-181-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Mushrooms grown under controlled conditions constitutes ‘agricultural activity’, exemption from tax
Apr 15, 2023
- In Favour of : Assessee
- Citation Number : TS-177-ITAT-2023(CHNY)
Income tax Appellate Tribunal
ITAT: Doctor not taxable for non-compete fee pre-2016 amendment of Sec.28(va)
Apr 15, 2023
- In Favour of : Assessee
- Citation Number : TS-180-ITAT-2023(DEL)
High Court
HC: Reassessment of non-existing entity unsustainable even on pre-amalgamation transaction
Apr 08, 2023
- In Favour of : Assessee
- Citation Number : TS-168-HC-2023(BOM)
High Court
HC: No nexus between material & Revenue's belief on income escapement; Quashes Sec.148 notice
Apr 08, 2023
- In Favour of : Assessee
- Citation Number : TS-167-HC-2023(DEL)
High Court
HC: Quashes LOC as tax proceedings concluded; Continuing LOC sans Originating Agency's review, untenable
Apr 08, 2023
- In Favour of : Assessee
- Citation Number : TS-150-HC-2023(DEL)
High Court
HC: Specific provision prevails over general; Quashes prosecution in pre-1997 search case
Apr 08, 2023
- In Favour of : Assessee
- Citation Number : TS-134-HC-2023(GUJ)
Income tax Appellate Tribunal
ITAT: Assessee cannot deviate from Apex Labs ruling; Directs Revenue to check expenditure details
Apr 08, 2023
- In Favour of : Both, Partially
- Citation Number : TS-169-ITAT-2023(Mum)
High Court
HC: Withholding OYO's refund over pending assessment 'unjust' & 'inequitable'; Directs de novo exercise
Apr 01, 2023
- In Favour of : Both, Partially
- Citation Number : TS-142-HC-2023(DEL)
High Court
HC: Quashes provisional attachment in Benami proceedings, following SC ruling in Ganpati Dealcom
Apr 01, 2023
- In Favour of : Assessee
- Citation Number : TS-151-HC-2023(BOM)
High Court
HC: TDS proceedings against Google India, time-barred; Follows Delhi HC Bharti Airtel ruling
Apr 01, 2023
- In Favour of : Assessee
- Citation Number : TS-155-HC-2023(KAR)
Income tax Appellate Tribunal
ITAT: Services for installation & commissioning of dryer fans, not FTS; CBDT's MFN Circular, prospective
Apr 01, 2023
- In Favour of : Assessee
- Citation Number : TS-147-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Upholds wealth-tax liability where Assessee held 'urban land' as capital asset, not stock-in-trade
Apr 01, 2023
- In Favour of : Revenue
- Citation Number : TS-144-ITAT-2023(Bang)
High Court
HC: Revenue bound to hear Assessee for deciding application for immunity from penalty
Mar 25, 2023
- In Favour of : Assessee
- Citation Number : TS-132-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Quashes final assessment order for violation of Sec.144C(13) timeline
Mar 25, 2023
- In Favour of : Assessee
- Citation Number : TS-131-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Rules on JP Morgan's short-term capital loss set-off & debentures' cost of acquisition
Mar 25, 2023
- In Favour of : Assessee
- Citation Number : TS-136-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: CIT(E) not empowered to condone delay in filing application for Sec.10(23C)(vi) approval
Mar 25, 2023
- In Favour of : Revenue
- Citation Number : TS-137-ITAT-2023(RAI)
Income tax Appellate Tribunal
ITAT: Dismisses appeal for non-impleadment of IRP; Remarks on demand modification, per Sec.156A
Mar 25, 2023
- In Favour of : Assessee
- Citation Number : TS-118-ITAT-2023(SUR)