All landmark rulings

1. Direct Tax ·ITAT Jaipur · 06 Jan 2022
   When it was the duty on the taxing authority to grant undisputed due TDS credit and consequential refund and non non-perfoming of its duties on technical ground certainly results injustice to the assessee.

   SHRI AMIT MANTRI VERSUS D.C.I.T., CIRCLE-1, JAIPUR.

   (2021) TaxCorp(LJ) 28103 (ITAT-JAIPUR) · https://taxcorp.in/FileOpenDT.aspx?ID=94854&Category=ITAT&CategoryType=Zip

2. Direct Tax ·Orissa High Court · 06 Jan 2022
   Assessment proceedings, especially those under Section 143 (3) of the Act have to be accorded sanctity and any reopening of the same has to be on a strong and sound legal basis.

   SRI LAXMI NARAYAN AGENCY VERSUS THE INCOME TAX OFFICER, ANGUL WARD, ANGUL AND OTHERS

   (2022) TaxCorp(LJ) 28102 (HC-ORISSA) · https://taxcorp.in/FileOpenDT.aspx?ID=86280&Category=Judgment&CategoryType=Zip

3. Direct Tax ·Supreme Court · 06 Jan 2022
   Where the same Statute, uses different terms and expressions, then it is clear that Legislature is referring to distinct and different things.

   KERALA STATE BEVERAGES MANUFACTURING & MARKETING CORPORATION LTD. VERSUS THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1 (1)

   (2022) TaxCorp(LJ) 28101 (SC) · https://taxcorp.in/FileOpenDT.aspx?ID=86281&Category=Judgment&CategoryType=Zip

4. Direct Tax ·ITAT Bangalore · 05 Jan 2022
   The services rendered by the non- resident assessee to MTR Foods are not taxable as per India Singapore DTAA.

   Orkla Asia Pacific Pte Ltd Vs The Deputy Commissioner of Income Tax

   (2022) TaxCorp(LJ) 28100 (ITAT-BANGALORE)

5. Direct Tax ·ITAT Hyderabad · 05 Jan 2022
   The receipt of share premium could not be treated as income under Section 56(1).

   Jagati Publications Limited Vs ACIT

   (2022) TaxCorp(LJ) 28099 (ITAT-HYDERABAD)

6. Direct Tax ·ITAT Indore · 05 Jan 2022
   Ignorance of law is no excuse and carrying out the transactions of the magnitude in itself leaves no room for the assessee to make an excuse for not getting books of account audited u/s 44AB.

   SACHCHIDANAND TRIPATI BHOPAL VERSUS ITO 5 (2) BHOPAL

   (2022) TaxCorp(LJ) 28098 (ITAT-INDORE) · https://taxcorp.in/FileOpenDT.aspx?ID=94836&Category=ITAT&CategoryType=Zip

7. Direct Tax ·ITAT Bangalore · 05 Jan 2022
   Interest expenses directly attributable to tax exempt income is also directly attributable to taxable income are required to be excluded from the computation of common interest expenses to be allocated under Rule 8D(2)(ii).

   M/S. KARNATAKA STATE BEVERAGES CORPORATION LT. VERSUS THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 4 (1) (1) , BANGALORE.

   (2022) TaxCorp(LJ) 28097 (ITAT-BANGALORE) · https://taxcorp.in/FileOpenDT.aspx?ID=94837&Category=ITAT&CategoryType=Zip

8. Direct Tax ·ITAT Surat · 05 Jan 2022
   In absence of any adverse material, the presumption of AO that no income is shown from the sale of Ghass is not justified. Hence, the ground of appeal raised by the assessee is allowed.

   SMT. MANIBEN MOHANBHAI PRAJAPATI VERSUS THE INCOME TAX OFFICER, WARD-3 (2) (5) , SURAT.

   (2022) TaxCorp(LJ) 28096 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=94841&Category=ITAT&CategoryType=Zip

9. Direct Tax ·ITAT Surat · 05 Jan 2022
   AO cannot sit in the chair of businessmen so as to decide what activities are essential in the business should be activities are to be carried out by the businessmen.

   SURAT ROUGH DIAMOND SOURCING (INDIA) LIMITED VERSUS THE INCOME TAX OFFICER, WARD-4 (3) , SURAT.

   (2022) TaxCorp(LJ) 28095 (ITAT-SURAT) · https://taxcorp.in/FileOpenDT.aspx?ID=94842&Category=ITAT&CategoryType=Zip

10. Direct Tax ·ITAT Mumbai · 04 Jan 2022
    CIT could not legally assume jurisdiction u/s. 263 over an order passed by the AO pursuant to the direction of DRP.

    Barclays Bank PLC Vs CIT(IT)

    (2022) TaxCorp(LJ) 28094 (ITAT-MUMBAI) · Section 263

11. Direct Tax ·Delhi High Court · 04 Jan 2022
    Revenue's inaction is in contravention of various CBDT Circulars and the judicial precedents.

    Nokia India Pvt Ltd Vs ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 16(1) & ORS

    (2022) TaxCorp(LJ) 28093 (HC-DELHI)

12. Direct Tax ·Kerala High Court · 04 Jan 2022
    HC - Interest earned by a primary agricultural credit society on deposits made with State/District Co-operative Banks not eligible for deduction u/s 80P(2)(a)(i). Income by way of interest or dividends derived by the co- operative societies from its investments with any other Co-operative Society is eligible for deduction u/s 80(P)(2)(d)

    Peroorkada Service Co-Operative Bank Ltd Vs THE PRINCIPAL COMMISSIONER OF INCOME TAX

    (2022) TaxCorp(LJ) 28092 (HC-KERALA) · Section 80P(2)(d)

13. Direct Tax ·ITAT Mumbai · 04 Jan 2022
    Merely because the assessee issued the CCD, which is hybrid instrument to arrange corporate funding thru group concerns, it does not mean that it has indulged in generation of unaccounted money.

    ARM INFRA & UTILITIES PVT. LTD. VERSUS PR. COMMISSIONER OF INCOME TAX RANGE-6, MUMBAI

    (2022) TaxCorp(LJ) 28091 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=94826&Category=ITAT&CategoryType=Zip

14. Direct Tax ·ITAT Mumbai · 04 Jan 2022
    Disallowance of certain expenses made on account of specific expenditure claimed in respect of eligible unit would only go to enhance the claim of deduction u/s.80IA of the Act.

    WNS GLOBAL SERVICES PVT. LTD. VERSUS ASST. COMMISSIONER OF INCOME TAX- 10 (2) MUMBAI

    (2022) TaxCorp(LJ) 28090 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=94830&Category=ITAT&CategoryType=Zip

15. Direct Tax ·Madras High Court · 04 Jan 2022
    Petitioner is not entitled for any relief as such sought for in the present writ petition.

    M/S. LION DATES IMPEX (P) LTD. VERSUS THE CHAIRMAN, INCOME TAX SETTLEMENT COMMISSION, PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL – II, CHENNAI

    (2022) TaxCorp(LJ) 28089 (HC-MADRAS) · https://taxcorp.in/FileOpenDT.aspx?ID=86277&Category=Judgment&CategoryType=Zip

16. Direct Tax ·Bombay High Court · 04 Jan 2022
    When on consideration of material on record, one view is conclusively taken by the Assessing Officer, it would not be open to reopen the assessment based on the very same material with a view to take another view.

    SANJAY DEVKINANDAN GUPTA VERSUS UNION OF INDIA AND ANR.

    (2022) TaxCorp(LJ) 28088 (HC-BOMBAY) · https://taxcorp.in/FileOpenDT.aspx?ID=86278&Category=Judgment&CategoryType=Zip

17. Direct Tax ·ITAT Chennai · 18 Jun 2021
    The individual’s stay outside India was more than 183 days, and therefore, the amount was not taxable in India by virtue of Article 14 of India-Japan DTAA.

    Sundaram Clayton Ltd Vs The Deputy Commissioner of Income Tax

    (2022) TaxCorp(LJ) 28087 (ITAT-CHENNAI) · Sections 40(a)(i), 195

18. Direct Tax ·ITAT Mumbai · 18 Jun 2021
    A tax withholding liability, particularly under section 195, is a vicarious liability and its survival entirely depends on survival of the primary tax liability of income, embedded in the related payments, in the hands of the recipient.

    Braitrim India Pvt. Ltd Vs Income Tax Officer (IT)

    (2022) TaxCorp(LJ) 28086 (ITAT-MUMBAI) · Section 195

19. Direct Tax ·ITAT Chandigarh · 18 Jun 2021
    Since provisions of section 68, and section 69 to 69D are not applicable in respect of the income, provisions of section 115BBE not attracted.

    Bajaj Sons Ltd Vs The DCIT

    (2022) TaxCorp(LJ) 28085 (ITAT-CHANDIGARH) · Section 115BBE

20. Direct Tax ·ITAT Delhi · 18 Jun 2021
    AO is directed to treat Assessee’s income as Income from Other Sources and allow depreciation and other expenses u/s 57

    Microsoft India (R&D) Pvt. Ltd Vs DCIT

    (2022) TaxCorp(LJ) 28084 (ITAT-DELHI)

Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.