All landmark rulings

1. Direct Tax ·ITAT Mumbai · 16 Feb 2022
   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)

2. Direct Tax ·ITAT Mumbai · 16 Feb 2022
   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)

3. Direct Tax ·ITAT Indore · 16 Feb 2022
   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

4. Direct Tax ·ITAT Chennai · 16 Feb 2022
   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

5. Direct Tax ·ITAT Pune · 16 Feb 2022
   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

6. Direct Tax ·ITAT Raipur · 16 Feb 2022
   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

7. Direct Tax ·ITAT Kolkata · 16 Feb 2022
   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

8. Direct Tax ·ITAT Ahmedabad · 16 Feb 2022
   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

9. Direct Tax ·ITAT Pune · 15 Feb 2022
   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)

10. Direct Tax ·Gujarat High Court · 15 Feb 2022
    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)

11. Direct Tax ·ITAT Bangalore · 15 Feb 2022
    It is settled law that deduction can be permitted only with respect to those expenses which are incurred in the relevant AY.

    Geetha Pundaleeka Vs The Deputy Commissioner of Income Tax (International Txn.)

    (2020) TaxCorp(LJ) 28375 (ITAT-BANGALORE) · Section 40(a)(ia)

12. Direct Tax ·Gujarat High Court · 15 Feb 2022
    The powers of provisional attachment are drastic powers and should be exercised in appropriate cases for proper reasons.

    Raghunandan Enterprise Vs ASSISTANT COMMISSIONER OF INCOME TAX

    (2020) TaxCorp(LJ) 28374 (HC-GUJARAT)

13. Direct Tax ·Rajasthan High Court · 15 Feb 2022
    In cases where the return of an assessee is accepted without scrutiny, the assessing officer enjoys a greater latitude to reopen the assessment.

    JAWARI LAL LUNIA S/O SH. GHEVAR CHAND VERSUS UNION OF INDIA, PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX (NAFAC)

    (2022) TaxCorp(LJ) 28373 (HC-RAJASTHAN) · https://taxcorp.in/FileOpenDT.aspx?ID=86549&Category=Judgment&CategoryType=Zip

14. Direct Tax ·Bombay High Court · 15 Feb 2022
    Interest shall be paid at the rate prescribed under Section 244A(1)(b) for the period from the date of payment of tax, i.e., 7th January, 2011.

    ROHAN DEVELOPERS PVT. LTD. VERSUS INCOME-TAX OFFICER (INTERNATIONAL TAXATION) -3 (1) , MUMBAI, DIRECTOR OF INCOME-TAX (INTERNATIONAL TAXATION -II MUMBAI, UNION OF INDIA

    (2022) TaxCorp(LJ) 28372 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=86551&Category=Judgment&CategoryType=Zip

15. Direct Tax ·ITAT Rajkot · 15 Feb 2022
    We do not find any ambiguity in the order passed by the learned CIT(A) and he has rightly directed the learned AO to compute the commission income @ 0.25 paise per lakh deposited in the bank account.

    ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1 RAJKOT VERSUS SHRI ANIRUDDHSINH J. SOLANKI

    (2022) TaxCorp(LJ) 28371 (ITAT-RAJKOT) · https://taxcorp.in/FileOpenDT.aspx?ID=95579&Category=ITAT&CategoryType=Zip

16. Direct Tax ·ITAT Pune · 15 Feb 2022
    Failure of the assessee to deduct tax at source from payment made to the Netherlands entity clearly magnetizes section 40(a)(i) of the Act.

    VANDERLANDE INDUSTRIES PRIVATE LIMITED VERSUS ACIT, CIRCLE-13, PUNE

    (2022) TaxCorp(LJ) 28370 (ITAT-PUNE) · https://taxcorp.in/FileOpenDT.aspx?ID=95581&Category=ITAT&CategoryType=Zip

17. Direct Tax ·ITAT Delhi · 15 Feb 2022
    The plea of the assessee is not acceptable.

    SMT. LATA GARG VERSUS THE DCIT, CENTRAL CIRCLE-4, DELHI.

    (2022) TaxCorp(LJ) 28369 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95583&Category=ITAT&CategoryType=Zip

18. Direct Tax ·ITAT Bangalore · 14 Feb 2022
    In order to fall within the ambit of FTS, the service providers should have made available, to the Assessee, the technical knowledge, experience, skill, know-how etc.

    Wipro Limited Vs Deputy Commissioner of Income-tax

    (2022) TaxCorp(LJ) 28368 (ITAT-BANGALORE) · Section 195

19. Direct Tax ·Gujarat High Court · 14 Feb 2022
    If any steps are taken for recovery, Assessee may file an application before the AO requesting to keep the demand in abeyance and grant stay on recovery atleast till the time the application that may be filed by the writ-applicant under Section 119 before the Chief Commissioner is decided one way or the other.

    Rajkamal Healds And Reeds Pvt. Ltd Vs ASSISTANT DIRECTOR OF INCOME TAX

    (2022) TaxCorp(LJ) 28367 (HC-GUJARAT) · Section 119(2)(b)

20. Direct Tax ·Bombay High Court · 14 Feb 2022
    Revisionary jurisdiction is not as wide as appellate jurisdiction, at the same time cannot be confused with power of review, which is limited in nature.

    Hapag Lloyd India Pvt. Ltd Vs Principal Commissioner of Income-Tax

    (2022) TaxCorp(LJ) 28366 (HC-BOMBAY)

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