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A piece of legislation which imposes a new obligation or attaches a new disability is considered prospective unless the legislative intent is clearly to give it a retrospective effect.
GRI RENEWABLE INDUSTRIES S.L., (FORMERLY KNOWN AS GONVARRI EOLICA S.L., VERSUS ACIT (IT) , CIRCLE-1, PUNE
(2022) TaxCorp(LJ) 28395 (ITAT-PUNE) · https://taxcorp.in/FileOpenDT.aspx?ID=95655&Category=ITAT&CategoryType=Zip
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The refund application will be processed and refund orders will be issued within two weeks from today.
Tata Communications Limited Vs The Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28394 (HC-BOMBAY)
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In the peculiar facts and circumstances of the instant case, we direct that the appellant be given benefit of the amounts deposited towards first two instalments while reckoning the tax liability of the appellant after revised assessment.
Yogesh Roshanlal Gupta Vs CENTRAL BOARD OF DIRECT TAXES
(2022) TaxCorp(LJ) 28393 (SC)
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The foreign supplies have not exceeded the threshold time limit to constitute the PE as specified in the respective DTAA and finding of both the lower authorities of constituting PE of the vendors in India deserves to be set aside.
Birla Corporation Limited Vs ITO (IT & TP)
(2022) TaxCorp(LJ) 28392 (ITAT-INDORE)
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Estimated revenue for the year and the percentage of project completed was not disputed by the AO, and thus it was not open for the CIT(A) to take a contrary view in the remand proceedings without any corroborative evidence on record.
Nortel Networks India Pvt. Ltd Vs Dy. CIT
(2022) TaxCorp(LJ) 28391 (ITAT-DELHI)
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The legislative amendment made in section 263 by way of insertion of Explanation 2 in Finance Act, 2015 w.e.f. 01.06.2015 that an assessment order passed without making enquiry or verification is deemed to be an erroneous one in so far as it is prejudicial to the interest of Revenue.
SMT. VYJAYANTHI MUDAPAKA VERSUS INCOME TAX OFFICER, WARD 11 (1) HYDERABAD
(2022) TaxCorp(LJ) 28390 (ITAT-HYDERABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95601&Category=ITAT&CategoryType=Zip
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We set aside the order of the CIT(A) and AO is directed to allow the exemption.
CHURCH’S AUXILIARY FOR SOCIAL ACTION VERSUS ITO, TRUST WARD-III, NEW DELHI.
(2022) TaxCorp(LJ) 28389 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95604&Category=ITAT&CategoryType=Zip
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The assessee is entitled to deduction being the provision created on account of fraud committed by one of its employees which caused loss to the leasing company. Therefore AO is directed to allow the deduction in full.
HELTI INDIA PVT. LTD. VERSUS ADDL. CIT, SPECIAL RANGE-4, NEW DELHI.
(2022) TaxCorp(LJ) 28388 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95608&Category=ITAT&CategoryType=Zip
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Explanation merely explains the main section and is not meant to carve out a particular exception to the contents of the main section.
M/S G.P ENGINEERING WORKS KACHHWA AND 2 OTHERS VERSUS UNION OF INDIA AND 3 OTHERS
(2022) TaxCorp(LJ) 28387 (HC-ALLAHABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=86557&Category=Judgment&CategoryType=Zip
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Since credit worthiness and the genuinity of the investments have been sufficiently established by the assessee, therefore addition is deleted.
PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-1, KOLKATA VERSUS M/S. ANMOL STAINLESS PVT. LTD.
(2022) TaxCorp(LJ) 28386 (HC-CALCUTTA) · https://taxcorp.in/FileOpenDT.aspx?ID=86558&Category=Judgment&CategoryType=Zip
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Summary dismissal of Revenue’s SLP against Delhi HC ruling is not a decision on law and cannot be treated as a binding precedent under Article 141 of the Constitution.
Dilip J Thakkar Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28385 (ITAT-MUMBAI)
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Mauritian companies seem to be special purpose vehicles and with available material taking a prima facie call on their bona fideand genuineness was not possible.
Raykan Beverages Pvt Ltd Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28384 (ITAT-MUMBAI)
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Merely because the AO has not quoted the specific section for making the subject additions in the assessee’s income, the entire addition cannot be regarded as illegal.
M/S. GREAT GALLEON VENTURES LTD. INDORE VERSUS DCIT, CENTRAL-2, INDORE AND ACIT, CENTRAL-2, INDORE VERSUS M/S. GREAT GALLEON VENTURES LTD. INDORE
(2022) TaxCorp(LJ) 28383 (ITAT-INDORE) · https://taxcorp.in/FileOpenDT.aspx?ID=95585&Category=ITAT&CategoryType=Zip
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Merely for reason for delay in getting approval from authority, expenditure incurred for specified business cannot be disallowed.
M/S. ROBUST HOTELS P. LTD. VERSUS THE DEPUTY COMMISSIONER OF INCOME TAX, CORPORATE CIRCLE-5 (2) , CHENNAI
(2022) TaxCorp(LJ) 28382 (ITAT-CHENNAI) · https://taxcorp.in/FileOpenDT.aspx?ID=95589&Category=ITAT&CategoryType=Zip
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The appellant has paid interest as interest for delay in payment of TDS. This is not an allowable expenditure. Therefore, disallowance by the CIT(A) is upheld.
SANKET FOOD PRODUCTS PRIVATE LIMITED VERSUS ITO, WARD 1 (3) , JALNA
(2022) TaxCorp(LJ) 28381 (ITAT-PUNE) · https://taxcorp.in/FileOpenDT.aspx?ID=95594&Category=ITAT&CategoryType=Zip
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Revisional powers under section 263 cannot be invoked to set aside the reassessment order where the A.O. himself is not competent to embark upon roving enquiries on unconnected issues.
LAHARI LAMINATES PVT. LTD., HIRAPUR VERSUS DCIT, CIRCLE 1 (1) , RAIPUR.
(2022) TaxCorp(LJ) 28380 (ITAT-RAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=95595&Category=ITAT&CategoryType=Zip
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The second AO’s view based on the documents referred to by him is a plausible view.
BHUPATI DEALMARK PRIVATE LIMITED VERSUS PR. CIT-4, KOLKATA
(2022) TaxCorp(LJ) 28379 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=95596&Category=ITAT&CategoryType=Zip
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TDS under Section 194 is not required to be made unless the loan and advances are given to shareholder.
DEPUTY COMMISSIONER OF INCOMETAX, TDS CIRCLE, ASSISTANT COMMISSIONER OF INCOME-TAX, TDS CIRCLE VERSUS M/S. J.P. ISCON LTD. (FORMERLY KNOWN AS J.P. INFRASTRUCTURE LTD.) AND (VICE-VERSA)
(2022) TaxCorp(LJ) 28378 (ITAT-AHMEDABAD) · https://taxcorp.in/FileOpenDT.aspx?ID=95598&Category=ITAT&CategoryType=Zip
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It is trite law that a CBDT Circular is binding on the AO and not on the assessees or the ITAT or other appellate authorities and the Circular transgressing the boundaries of section 90(1) cannot bind the ITAT.
GRI Renewable Industries S.L Vs ACIT (IT)
(2020) TaxCorp(LJ) 28377 (ITAT-PUNE) · Section 90(1)
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Mere absence of words 'power to grant stay' in Section 251 of the Act cannot mean that such powers are specifically excluded from the jurisdiction of the first appellate authority.
Harsh Dipak Shah Vs UNION OF INDIA
(2020) TaxCorp(LJ) 28376 (HC-GUJARAT)
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