Weekly Digest
High Court
HC: Dismisses Revenue's appeal absent question of perversity on Rs.100 Cr. loss from receivables-sale
Dec 09, 2023
- In Favour of : Assessee
- Citation Number : TS-740-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Deletes Sec.68 addition on share premium from FDI as Assessee discharged onus
Dec 09, 2023
- In Favour of : Assessee
- Citation Number : TS-735-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Infosys ineligible for Sec.32AC depreciation; Rules on scope of Sec.10AA deduction
Dec 09, 2023
- In Favour of : Revenue
- Citation Number : TS-726-ITAT-2023(Bang)
Income tax Appellate Tribunal
ITAT: Upholds revision based on audit objection for Sec.43B disallowance & unsubstantiated cash payments
Dec 09, 2023
- In Favour of : Revenue
- Citation Number : TS-727-ITAT-2023(Ind)
Income tax Appellate Tribunal
ITAT: Deletes TDS-default penalty on foreign remittance basis bona fide belief of no taxability
Dec 09, 2023
- In Favour of : Assessee
- Citation Number : TS-737-ITAT-2023(JPR)
High Court
HC: Quashes reassessment on transfer of leasehold rights offered to tax in subsequent AY
Dec 02, 2023
- In Favour of : Assessee
- Citation Number : TS-720-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: DIN-less DRP directions bad in law, quashes consequential assessment orders
Dec 02, 2023
- In Favour of : Assessee
- Citation Number : TS-711-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Rejects FTS taxability on intra-group management support services, ‘make available’ not satisfied
Dec 02, 2023
- In Favour of : Assessee
- Citation Number : TS-719-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: No 'royalty' on satellite transmission services provided from ship; Follows New Skies
Dec 02, 2023
- In Favour of : Assessee
- Citation Number : TS-708-ITAT-2023(DEL)
High Court
HC: Upholds Sec.148 notice issued by jurisdictional AO instead of NaFAC; Analyses CBDT OM
Nov 25, 2023
- In Favour of : Revenue
- Citation Number : TS-693-HC-2023(CAL)
High Court
HC: Condones 79 days appeal-filing delay attributable to pursuing review before ITAT
Nov 25, 2023
- In Favour of : Assessee
- Citation Number : TS-687-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: CIT(A) deleted Sec.56(2)(viib) addition without considering Revenue's factual objections; Remands matter
Nov 25, 2023
- In Favour of : Revenue
- Citation Number : TS-702-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Sec.43B applicable on service tax not paid to Govt.; Rejects 'not charged to P&L A/c' plea
Nov 25, 2023
- In Favour of : Revenue
- Citation Number : TS-691-ITAT-2023(Bang)
High Court
HC: ITAT order rejecting MA over applying 'penny stock' tax-effect Circular, not appealable
Nov 18, 2023
- In Favour of : Assessee
- Citation Number : TS-680-HC-2023(ORI)
High Court
HC: Sales tax subsidy under West Bengal Incentive Scheme, non-taxable capital receipt
Nov 18, 2023
- In Favour of : Assessee
- Citation Number : TS-683-HC-2023(CAL)
Income tax Appellate Tribunal
ITAT: CBDT's DIN Circular 'self-contained code' & mandatory; Quashes DIN-less SCN & revisionary order
Nov 18, 2023
- In Favour of : Assessee
- Citation Number : TS-671-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Quashes assessment order over DIN-less DRP directions; CBDT Circular has statutory force
Nov 18, 2023
- In Favour of : Assessee
- Citation Number : TS-670-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Corpus specific voluntary contribution, ‘capital receipt’, non-taxable regardless of trust's registration
Nov 18, 2023
- In Favour of : Assessee
- Citation Number : TS-664-ITAT-2023(DEL)
High Court
HC: Quashes reassessment proceedings based on allegation in concluded reassessment; Rejects Ashish Agarwal plea
Nov 04, 2023
- In Favour of : Assessee
- Citation Number : TS-653-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Royalty taxable under Swiss DTAA on 'receipt basis', regardless of Form 3CEB disclosure
Nov 04, 2023
- In Favour of : Assessee
- Citation Number : TS-646-ITAT-2023(Bang)
Income tax Appellate Tribunal
ITAT: Sec.115BBE inapplicable on income voluntarily surrendered, left undoubted by Revenue; Quashes rectification
Nov 04, 2023
- In Favour of : Assessee
- Citation Number : TS-642-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Rules on taxability of app-development, web-hosting services, marketing & sales support in UAE DTAA
Nov 04, 2023
- In Favour of : Assessee
- Citation Number : TS-631-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Technical meets, workshops & seminars fall qualify as 'charitable purpose'; Remands to apply AUDA ruling
Nov 04, 2023
- In Favour of : Assessee
- Citation Number : TS-628-ITAT-2023(CHNY)
High Court
HC: Quashes reassessment as contents of TEP filed by senior Revenue official taken as gospel truth
Oct 28, 2023
- In Favour of : Assessee
- Citation Number : TS-632-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Recalls order on non-consideration of Jurisdictional HC ruling over Sec.68 addition
Oct 28, 2023
- In Favour of : Assessee
- Citation Number : TS-634-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Order passed with demand & penalty notice culminates assessment, subsequent orders non est
Oct 28, 2023
- In Favour of : Assessee
- Citation Number : TS-637-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Rules on Sec.80-IB deduction w.r.t subsequent years, approval-date & proportionate allowance
Oct 28, 2023
- In Favour of : Assessee
- Citation Number : TS-623-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Rules on depreciation on intangible assets, bad debt claim & impairment loss allowability
Oct 28, 2023
- In Favour of : Both, Partially
- Citation Number : TS-630-ITAT-2023(Mum)
High Court
HC: Upholds Sec.35(2AB) deduction as delay in Form-3CL not attributable to Assessee
Oct 21, 2023
- In Favour of : Assessee
- Citation Number : TS-612-HC-2023(GUJ)
Income tax Appellate Tribunal
ITAT: Assessee discharged Sec.68 onus, Revenue failed to examine; Deletes addition
Oct 21, 2023
- In Favour of : Assessee
- Citation Number : TS-618-ITAT-2023(Ahd)
Income tax Appellate Tribunal
ITAT: Recalls order holding 'IT Infrastructure use' taxable as industrial royalty in India-Belgium DTAA
Oct 21, 2023
- In Favour of : Assessee
- Citation Number : TS-621-ITAT-2023(PUN)
Income tax Appellate Tribunal
ITAT: Allows revaluation loss on inter-company & LC payables due to forex fluctuation
Oct 21, 2023
- In Favour of : Both, Partially
- Citation Number : TS-607-ITAT-2023(Mum)
High Court
HC: Assessee suddenly woke up from slumber; Over 1000 days' appeal-filing delay not condonable
Oct 14, 2023
- In Favour of : Revenue
- Citation Number : TS-600-HC-2023(MAD)
High Court
HC: Increasing interest is Exchequer's loss, demands reasons behind delay while granting refund
Oct 14, 2023
- In Favour of : Assessee
- Citation Number : TS-601-HC-2023(DEL)
High Court
HC: Dismisses writ against reassessment proceedings, relies on SC's Anshul Jain Order
Oct 14, 2023
- In Favour of : Revenue
- Citation Number : TS-602-HC-2023(ALL)
High Court
HC: Rules on limitation period for assessment orders in light of TOLA Notifications
Oct 14, 2023
- In Favour of : Both, Partially
- Citation Number : TS-599-HC-2023(MAD)
Income tax Appellate Tribunal
ITAT: Subsidy via VAT refund for setup or expansion of manufacturing facility 'capital receipt'
Oct 14, 2023
- In Favour of : Both, Partially
- Citation Number : TS-596-ITAT-2023(CHNY)
High Court
HC: Working capital loan waiver, not taxable under Sec.28(iv); Follows SC ruling in Mahindra
Oct 07, 2023
- In Favour of : Assessee
- Citation Number : TS-584-HC-2023(KAR)
High Court
HC: Reason to believe based on erroneous fact of non-filing ITR; Quashes reassessment notice
Oct 07, 2023
- In Favour of : Assessee
- Citation Number : TS-553-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Rules on Bank's TDS liability under Sec.194A where Form 15G/H filed by recipient
Oct 07, 2023
- In Favour of : Assessee
- Citation Number : TS-582-ITAT-2023(NAG)
Income tax Appellate Tribunal
ITAT: UK Co.’s income from telecom roaming services not taxable; Rejects process royalty plea
Oct 07, 2023
- In Favour of : Assessee
- Citation Number : TS-580-ITAT-2023(Mum)
High Court
HC: Employee’s PF contribution allowable since deposited immediately after national holiday
Sep 30, 2023
- In Favour of : Assessee
- Citation Number : TS-565-HC-2023(DEL)
High Court
HC: Holds reassessment notice valid, not time-barred under Sec.149(1); Dismisses review petition
Sep 30, 2023
- In Favour of : Revenue
- Citation Number : TS-571-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Rules on treatment of variation in real-estate value & expenditures, post-occupation certificate
Sep 30, 2023
- In Favour of : Both, Partially
- Citation Number : TS-522-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Rules for TCS on advertisement, brand subscription, 10AA deduction, FTC & others
Sep 30, 2023
- In Favour of : Both, Partially
- Citation Number : TS-563-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Quashes revision over taxability of receipts as non-compete fee, finds Sec.28(va) inapplicable
Sep 30, 2023
- In Favour of : Assessee
- Citation Number : TS-570-ITAT-2023(CHNY)
High Court
HC: Assessee eligible for VsV settlement despite pending prosecution; Follows Macrotech Developers ruling
Sep 23, 2023
- In Favour of : Assessee
- Citation Number : TS-552-HC-2023(BOM)
High Court
HC: Directs CBDT to decide delay condonation application in filing Form 10-IC
Sep 23, 2023
- In Favour of : Assessee
- Citation Number : TS-551-HC-2023(CAL)
High Court
HC: CIT(A) erred by directing AO for fresh adjudication after deciding in Assessee's favour
Sep 23, 2023
- In Favour of : Assessee
- Citation Number : TS-537-HC-2023(CAL)
Income tax Appellate Tribunal
ITAT: Sec.44ADA inapplicable where Assessee does not satisfy 'notified qualifications' clause
Sep 23, 2023
- In Favour of : Assessee
- Citation Number : TS-550-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Addition on protective basis cannot survive as substantive addition time-barred
Sep 23, 2023
- In Favour of : Assessee
- Citation Number : TS-543-ITAT-2023(DEL)
High Court
HC: Quashes TDS proceedings where recipient not liable to tax; Reaffirms Mahindra ruling
Sep 16, 2023
- In Favour of : Assessee
- Citation Number : TS-532-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: Manual assessment order sans DIN ‘non est’; Subsequent DIN intimation violates CBDT Circular
Sep 16, 2023
- In Favour of : Assessee
- Citation Number : TS-530-ITAT-2023(Kol)
Income tax Appellate Tribunal
ITAT: Notifying hearing date on portal not ‘effective service’ under Sec.282; Directs fresh hearing
Sep 16, 2023
- In Favour of : Assessee
- Citation Number : TS-524-ITAT-2023(CHANDI)
Income tax Appellate Tribunal
ITAT: Bonus shares mere capitalisation of reserves, not wealth-altering for shareholder; Sec.56(2)(vii) inapplicable
Sep 16, 2023
- In Favour of : Assessee
- Citation Number : TS-527-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: TDS on ESOP provision crystallises with exercise of option not when granted
Sep 16, 2023
- In Favour of : Assessee
- Citation Number : TS-499-ITAT-2023(Mum)
High Court
HC: Dismisses writ challenging rejection of Sec.197 application for alternative statutory remedy
Sep 09, 2023
- In Favour of : Revenue
- Citation Number : TS-504-HC-2023(P & H)
Income tax Appellate Tribunal
ITAT: Rental income from land leased out for agricultural purpose qualifies as agriculture income
Sep 09, 2023
- In Favour of : Assessee
- Citation Number : TS-515-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Sec.80P deduction allowable through belated return as FA 2021 amendment to Sec.143(1)(a)(v) prospective
Sep 09, 2023
- In Favour of : Assessee
- Citation Number : TS-512-ITAT-2023(PAN)
Income tax Appellate Tribunal
ITAT: Restores issue of Nil TDS on 'technical support services' for Airport Authority of India
Sep 09, 2023
- In Favour of : Assessee
- Citation Number : TS-507-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Bombardier’s offshore supplies non-taxable; Follows consistency & group concern's ruling
Sep 09, 2023
- In Favour of : Assessee
- Citation Number : TS-517-ITAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Services provided on year-to-year demonstrates 'make available' not satisfied; Rejects FIS taxability
Sep 02, 2023
- In Favour of : Assessee
- Citation Number : TS-491-ITAT-2023(DEL)
Prohibition of Benami Property Transactions Appellate Tribunal
PBPTAT: Sets aside order as alleged benami transaction pertains pre-amendment era; Follow Ganpati Dealcom
Sep 02, 2023
- In Favour of : Assessee
- Citation Number : TS-493-PBPTAT-2023(DEL)
Income tax Appellate Tribunal
ITAT: Interest paid on borrowings allowable against FD income if reasonable nexus exists
Sep 02, 2023
- In Favour of : Assessee
- Citation Number : TS-494-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Rejects taxability as neither reference made to DVO nor registered valuer's report considered
Sep 02, 2023
- In Favour of : Assessee
- Citation Number : TS-498-ITAT-2023(Mum)
High Court
HC: Quashes Sec.271C penalty order passed after 11 years from completion of assessment
Aug 26, 2023
- In Favour of : Assessee
- Citation Number : TS-480-HC-2023(DEL)
High Court
HC: Directs refund with interest where demand adjusted in haste & contrary to law
Aug 26, 2023
- In Favour of : Assessee
- Citation Number : TS-472-HC-2023(DEL)
High Court
HC: Quashes revision for lacking inquiry & violating natural justice; Imposes Rs.10,000 cost
Aug 26, 2023
- In Favour of : Assessee
- Citation Number : TS-464-HC-2023(ALL)
High Court
HC: Sec.80-IC deduction allowable when granted in initial and subsequent AYs
Aug 26, 2023
- In Favour of : Assessee
- Citation Number : TS-470-HC-2023(CAL)
Income tax Appellate Tribunal
ITAT: Revenue bound to give advance tax credit inadvertently left unclaimed in ITR
Aug 26, 2023
- In Favour of : Assessee
- Citation Number : TS-474-ITAT-2023(Mum)
High Court
HC: Directs refund of invalid TDS demand deposited by Assessee; Imposes Rs.50,000 cost
Aug 19, 2023
- In Favour of : Assessee
- Citation Number : TS-465-HC-2023(DEL)
High Court
HC: Revenue not obliged to grant additional tax-exemption pursuant to BIFR order
Aug 19, 2023
- In Favour of : Assessee
- Citation Number : TS-450-HC-2023(DEL)
High Court
HC: Revisionary jurisdiction not valid merely on PCIT's disagreement with AO's view
Aug 19, 2023
- In Favour of : Assessee
- Citation Number : TS-461-HC-2023(BOM)
Income tax Appellate Tribunal
ITAT: Port rent has direct nexus with running & maintaining port, allowable for Sec.80-IA deduction
Aug 19, 2023
- In Favour of : Revenue
- Citation Number : TS-451-ITAT-2023(Mum)
Income tax Appellate Tribunal
ITAT: Upholds revision as AO failed to apply mind on Sec.43CA safe harbour applicability
Aug 19, 2023
- In Favour of : Revenue
- Citation Number : TS-462-ITAT-2023(Mum)
High Court
HC: Quashes reassessment proceedings against amalgamated entity, follows Maruti Suzuki over Mahagun Realtors
Aug 12, 2023
- In Favour of : Assessee
- Citation Number : TS-449-HC-2023(GUJ)
High Court
HC: Quashes reassessment proceedings as notice based on incorrect facts & conclusion on income escapement
Aug 12, 2023
- In Favour of : Assessee
- Citation Number : TS-446-HC-2023(BOM)
High Court
HC: Reiterates law on Revenue's authority of recording statement on oath during survey
Aug 12, 2023
- In Favour of : Assessee
- Citation Number : TS-442-HC-2023(DEL)
High Court
HC: Depreciation on goodwill allowable arising from approved amalgamation scheme; Follows Smifs Securities
Aug 12, 2023
- In Favour of : Assessee
- Citation Number : TS-441-HC-2023(DEL)
Income tax Appellate Tribunal
ITAT: Reckons holding period of rights in flat from date of allotment, not application
Aug 12, 2023
- In Favour of : Both, Partially
- Citation Number : TS-436-ITAT-2023(Mum)
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)