Income Tax Case Laws

Non-Filing Of Response Due To Technical Glitch In E-Filing Portal, Delhi High Court Quashes Order

Applicant/Petitioner	Ankit Kaul
Respondent	National Faceless Assessment Centre
Order Date	28-Apr-2022
Order Number	W.P.(C) 6762/2022 & CM APPLs.20560-20561/2022
Honorable Court	Delhi High Court

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Delhi High Court Stays Reassessment Proceedings Due To Credentials of BHEL

Applicant/Petitioner	Bharat Heavy Electricals Limited
Respondent	PCIT
Order Date	25-Apr-2022
Order Number	W.P.(C) 6482/2022 & CM APPL.19664/2022
Honorable Court	Delhi High Court

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Threshold limit u/s 44B: ITAT Allows Computation Of Turnover Of Intraday Equity Transactions On Net Basis

Applicant/Petitioner	Anju Chamaria
Respondent	ITO (ITAT Kolkata)
Order Date	24-Apr-2022
Order Number	I.T.A. No. 484/Kol/2020
Honorable Court	ITAT Kolkata

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Wrongful Withholding Of Cash By Income Tax Dept, High Court Imposes 6% Interest

Applicant/Petitioner	Sanjeev Kumar
Respondent	UOI
Order Date	22-Apr-2022
Order Number	Writ Petition No.4402 Of 2021
Honorable Court	Bombay High Court

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Truck Parts Replacement Cannot Be Considered As Bringing Into Existence Any New Asset: ITAT

Applicant/Petitioner	Ashim Krishna Bhatta
Respondent	ACIT (ITAT Kolkata)
Order Date	21-Apr-2022
Order Number	I.T.A. No. 40/Kol/2020
Honorable Court	ITAT Kolkata

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Violation Of Principles Of Natural Justice, Delhi High Court Quash Assessment Order Passed By Revenue

Applicant/Petitioner	Jindal Realty Limited
Respondent	National Faceless Assessment Centre, Delhi
Order Date	20-Apr-2022
Order Number	W.P.(C) No.6304/2022 & C.M.No.18987/2022
Honorable Court	Delhi High Court

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Wrong Claim Is Not Intentional and Due To Wrong Advice of CA, ITAT Deletes Penalty

Applicant/Petitioner	SLV Housing Development Corporation
Respondent	ACIT
Order Date	19-Apr-2022
Order Number	TA No. 19/Bang/2020
Honorable Court	ITAT Delhi

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Loss Suffered Owing to Exchange Fluctuation While Repaying Loan Is Revenue Expenditure And Allowable As Deduction: Supreme Court

Applicant/Petitioner	Wipro Finance Ltd.
Respondent	Commissioner of Income Tax
Order Date	12-Apr-2022
Order Number	CIVIL APPEAL NO. 6677 OF 2008
Honorable Court	Supreme Court

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Reassessment u/s 148: Reasons recorded by AO cannot be substituted, added or deleted

Applicant/Petitioner	Chetna Dilip Doshi
Respondent	ITO (ITAT Mumbai)
Order Date	08-Apr-2022
Order Number	ITA No. 5765/Mum./2018
Honorable Court	ITAT Mumbai

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Corpus donation received by Trust is a capital receipt and not taxable

Applicant/Petitioner	Versova Kokni Sunni Jamat Trust
Respondent	Centralised Processing Centre (ITAT Mumbai)
Order Date	05-Apr-2022
Order Number	ITA No. 5905/Mum./2019
Honorable Court	ITAT Mumbai

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No TDS liability on payment made to Facebook Ireland for advertisement services: Delhi ITAT

Applicant/Petitioner	Addl. CIT
Respondent	Lenskart Solution (P) Ltd. (ITAT Delhi)
Order Date	30-Mar-2022
Order Number	ITA No. 5760/Del/2017
Honorable Court	ITAT Delhi

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ITAT delete penalty as Assessee declined claimed under bonafide belief

Applicant/Petitioner	Lahmeyer Holding GambH
Respondent	DDIT (ITAT Delhi)
Order Date	23-Mar-2022
Order Number	ITA No. 4968/Del/2013
Honorable Court	ITAT Delhi

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Sufficiency or correctness of material is not be considered while issuing section 148 notice: Delhi HC

Applicant/Petitioner	Saif II Mauritius Company Limited
Respondent	ACIT (Delhi High Court)
Order Date	23-Mar-2022
Order Number	W.P.(C) 4650/2022 & CM APPLs.13966-13967/2022
Honorable Court	Delhi High Court

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TDS u/s 194A not deductible on interest on enhanced compensation: Delhi ITAT

Applicant/Petitioner	Land Acquisition Office
Respondent	DCIT (TDS) (ITAT Delhi)
Order Date	22-Mar-2022
Order Number	ITA Nos. 39, 40 & 41/Del/2021
Honorable Court	ITAT Delhi

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Routine Business Support Services Can Not Be Taxable As Fees For Technical Services

Applicant/Petitioner	Magotteaux International SA, Belgium
Respondent	Dy. C.I.T, International Taxation, New Delhi
Order Date	17-Feb-2022
Order Number	ITA No. 1358/DEL/2015 [A.Y 2011-12]
Honorable Court	ITAT Delhi

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