INCOME TAX REPORTS (ITR)--PRINT AND ONLINE EDITION
SUBJECT INDEX TO CASES REPORTED IN THIS PART
Return --Revised return--When can be filed--Amount shown in original return as income from sales of property--Sales not materialising--Revised return showing nil income from transactions--Valid--Income-tax Act, 1961, s. 139-- CIT v. Lok Housing and Constructions Ltd. (Bom) . . . 235
Scientific research --Expenditure on scientific research--Effect of section 35--Expenditure must be approved by prescribed authority--Decision of prescribed authority is final--Assessing Officer and Dispute Resolution Panel cannot overrule such decisions--Income-tax Act, 1961, s. 35(2AB), (3), 43(4)-- Tejas Networks Ltd. v. Deputy CIT (Karn) . . . 240
Search and seizure --Block assessment--Meaning of undisclosed income in section 158B--Income disclosed under Voluntary Disclosure Scheme and in a return three years prior to search--Amount cannot be as undisclosed income in block assessment proceedings--Income-tax Act, 1961, s. 158B-- CIT v. H. M. Exports (Karn) . . . 228
Writ --Existence of alternate remedy not an absolute bar for issue of writ--Constitution of India, art. 226-- Tejas Networks Ltd. v. Deputy CIT (Karn) . . . 240
ITR Volume 377 : Part 5 (Issue dated : 12-10-2015)
SUBJECT INDEX TO CASES REPORTED IN THIS PART
Advance tax --Interest payable by assessee--Waiver of interest--Powers of Chief Commissioner--Levy of interest confirmed by Tribunal--Case of assessee not covered by notification dated 26-6-2006--Chief Commissioner could not waive interest--Income-tax Act, 1961, ss. 119, 234C--Notification dated 26-6-2006-- Fertilizers and Chemicals Travancore Ltd. v. Deputy CIT (Ker) . . . 591
Appeal to Appellate Tribunal --Revision--Powers of Tribunal --Valid order of revision--Tribunal has no power to reappraise material and set aside order--Income-tax Act, 1961, ss. 254, 263-- CIT v. Varanasi Khanta Rao, Prop. Sri Sai Srinivasa Modern Rice Mill (T & AP) . . . 602
Appeal to High Court --Duty of Tribunal--Duty to follow direction of High Court--Income-tax Act, 1961, s. 254-- Dr. Nassar Yusuf v. CIT (Ker) . . . 595
Business expenditure --Disallowance--Disallowance of expenditure on ground that tax has not been deducted at source on payment--Effect of insertion of second proviso to section 40(a)(ia)--Payee filing income-tax return and offering sum received for taxation--Disallowance of sum not justified--Income-tax Act, 1961, ss. 40(a)(ia), 201(1)-- CIT v. Ansal Land Mark Township P. Ltd. (Delhi) . . . 635
----Disallowance--Payments otherwise than by account payee cheque or account payee bank draft--Assessment on basis of estimate--Disallowance cannot be made under section 40A(3)--Income-tax Act, 1961, s. 40A(3)-- CIT v. Amman Steel and Allied Industries (Mad) . . . 568
Cash credits --Burden of proof--Share application money--Assessee must prove creditworthiness of applicants and genuineness of transactions--No such proof--Addition of amount in income of assessee--Justified--Income-tax Act, 1961, s. 68-- Riddhi Promoters P. Ltd. v. CIT (Delhi) . . . 641
Charitable purposes --Charitable trust--Exemption--Conditions precedent--Income of trust should be spent on objects enumerated in trust deed--Object of trust improvement of Ayurvedic system and allowing for help from allopathic system--Income from allopathic system much higher than that from Ayurvedic system--Not material--Trust granted exemption for several years--No new facts in assessment year 2006-07--Denial of exemption for assessment year 2006-07--Not valid--Income-tax Act, 1961, s. 11-- Mool Chand Khairati Ram Trust v. DIT (Exemptions) (Delhi) . . . 650
Exemption --Educational institution--Conditions precedent for exemption--Actual existence of educational institution--Approval of prescribed authority--Question of application of funds not to be considered at stage of approval--Income-tax Act, 1961, s. 10(23C)-- American School of Bombay Education Trust v. Union of India (Delhi) . . . 645
High Court --Meaning of “obiter dicta†--Observations made in disposing of case cannot be considered to be “obiter dicta†-- Dr. Nassar Yusuf v. CIT (Ker) . . . 595
Income from house property --Business--Business income or income from house property--Firm engaged in export business--Construction of godowns for its business--Godowns let out when not required by assessee--No amenities provided to lessees--Rent from godowns assessable as income from property--Income-tax Act, 1961, ss. 22, 28-- CIT v. Sileman Khan Mahaboob Khan (T & AP) . . . 613
Income from undisclosed sources --Enquiry by excise authorities cannot be sole basis for estimation of income--Order of Commissioner of Excise after remand--Estimate based on such order--Justified--Income-tax Act, 1961-- CIT v. Amman Steel and Allied Industries(Mad) . . . 568
----Income-tax survey of hospital disclosing payments in cash to doctors--Statement on oath by employees of hospital confirming payments--High Court holding in assessment of hospital that its accounts were unreliable--Additions of amounts in hands of doctors--Justified--Income-tax Act, 1961-- Dr. Nassar Yusuf v. CIT (Ker) . . . 595
Income-tax --General principles--Exemption granted for several years--No new facts--Denial of exemption in subsequent year--Not justified-- Mool Chand Khairati Ram Trust v. DIT (Exemptions) (Delhi) . . . 650
Industrial undertaking --Special deduction under section 80-IA--Computation of special deduction--Losses and other deductions set off against income of previous year cannot be taken into consideration--Income-tax Act, 1961, s. 80-IA-- CIT v. Kongoor Textile Process(Mad) . . . 559
International transactions --Arm’s length price--Determination--General principles applicable--Comparison of international transaction with uncontrolled transaction under rule 10B--Wide range of services in information technology enabled services--Knowledge process outsourcing could not be compared to call centres--Income-tax Act, 1961, Chap. X--Rampgreen Solutions P. Ltd. v. CIT (Delhi) . . . 533
Precedent --Effect of decision of Supreme Court in American Hotel and Lodging Association Educational Institute v. CBDT [2008] 301 ITR 86 and decision of Delhi High Court inDigember Jain Society for Child Welfare v. DGIT (Exemptions) [2010] 329 ITR 459 (Delhi)--American School of Bombay Education Trust v. Union of India (Delhi) . . . 645
----Effect of decision of Supreme Court in Liberty India v. CIT [2009] 317 ITR 218-- CIT v.Kongoor Textile Process (Mad) . . . 559
Reassessment --Notice--Validity--Notice based solely on opinion of audit party--Not valid--Income-tax Act, 1961, ss. 147, 148-- Shree Ram Builders v. Asst. CIT (OSD) (Guj) . . . 631
----Validity--Reason for notice not furnished to assessee--Reassessment based on statement of third party--Assessee not given opportunity to be heard--Reassessment not valid--Income-tax Act, 1961, s. 147-- Kothari Metals v. ITO (Karn) . . . 581
Recovery of tax --Garnishee proceedings--Writ petition by person who was not the legal owner of assets in question--Not maintainable--Income-tax Act, 1961, s. 226(3)-- TRO v.Bhishma Pithamaha (Karn) . . . 584
----State reorganisation--Company carrying on business on behalf of Telangana State incorporated on 30-5-2014--Assets and properties of Andhra Pradesh Beverages Corporation not taken over by company--Not a successor in interest to Corporation--Tax dues of Andhra Pradesh Beverages Corporation for assessment year 2012-13 could not be recovered from company--Company was not an assessee in default nor a garnishee--Andhra Pradesh Reorganisation Act, 2014, ss. 53, 68--Income-tax Act, 1961, s. 226(3)--Telangana State Beverage Corporation Ltd. v. Union of India (T & AP) . . . 622
Revision --Condition precedent--Order of Assessing Officer erroneous and prejudicial to the Revenue--Commissioner discovering errors and passing order of revision after hearing assessee--Order valid--Income-tax Act, 1961, s. 263-- CIT v. Varanasi Khanta Rao, Prop. Sri Sai Srinivasa Modern Rice Mill (T & AP) . . . 602
Writ --Writ petition by person who was not legal owner of assets in question--Not maintainable--Constitution of India, art. 226-- TRO v. Bhishma Pithamaha (Karn) . . . 584
SECTIONWISE INDEX TO CASES REPORTED IN THIS PART
Andhra Pradesh Reorganisation Act, 2014 :
S. 53 --Recovery of tax--State reorganisation--Company carrying on business on behalf of Telangana State incorporated on 30-5-2014 --Assets and properties of Andhra Pradesh Beverages Corporation not taken over by company--Not a successor in interest to Corporation--Tax dues of Andhra Pradesh Beverages Corporation for assessment year 2012-13 could not be recovered from company--Company was not an assessee in default nor a garnishee-- Telangana State Beverage Corporation Ltd. v. Union of India (T & AP) . . . 622
S. 68 --Recovery of tax--State reorganisation--Company carrying on business on behalf of Telangana State incorporated on 30-5-2014 --Assets and properties of Andhra Pradesh Beverages Corporation not taken over by company--Not a successor in interest to Corporation--Tax dues of Andhra Pradesh Beverages Corporation for assessment year 2012-13 could not be recovered from company--Company was not an assessee in default nor a garnishee-- Telangana State Beverage Corporation Ltd. v. Union of India (T & AP) . . . 622
Art. 226 --Writ--Writ petition by person who was not legal owner of assets in question--Not maintainable-- TRO v. Bhishma Pithamaha (Karn) . . . 584
S. 10(23C) --Exemption--Educational institution--Conditions precedent for exemption--Actual existence of educational institution--Approval of prescribed authority--Question of application of funds not to be considered at stage of approval-- American School of Bombay Education Trust v. Union of India (Delhi) . . . 645
S. 11 --Charitable purposes--Charitable trust--Exemption--Conditions precedent--Income of trust should be spent on objects enumerated in trust deed--Object of trust improvement of Ayurvedic system and allowing for help from allopathic system--Income from allopathic system much higher than that from Ayurvedic system--Not material--Trust granted exemption for several years--No new facts in assessment year 2006-07--Denial of exemption for assessment year 2006-07--Not valid-- Mool Chand Khairati Ram Trust v. DIT (Exemptions)(Delhi) . . . 650
S. 22 --Income from house property--Business--Business income or income from house property--Firm engaged in export business--Construction of godowns for its business--Godowns let out when not required by assessee--No amenities provided to lessees--Rent from godowns assessable as income from property-- CIT v. Sileman Khan Mahaboob Khan(T & AP) . . . 613
S. 28 --Income from house property--Business--Business income or income from house property--Firm engaged in export business--Construction of godowns for its business--Godowns let out when not required by assessee--No amenities provided to lessees--Rent from godowns assessable as income from property-- CIT v. Sileman Khan Mahaboob Khan(T & AP) . . . 613
S. 40(a)(ia) --Business expenditure--Disallowance--Disallowance of expenditure on ground that tax has not been deducted at source on payment--Effect of insertion of second proviso to section 40(a)(ia)--Payee filing income-tax return and offering sum received for taxation--Disallowance of sum not justified-- CIT v. Ansal Land Mark Township P. Ltd. (Delhi) . . . 635
S. 40A(3) --Business expenditure--Disallowance--Payments otherwise than by account payee cheque or account payee bank draft--Assessment on basis of estimate--Disallowance cannot be made under section 40A(3)-- CIT v. Amman Steel and Allied Industries (Mad) . . . 568
S. 68 --Cash credits--Burden of proof--Share application money--Assessee must prove creditworthiness of applicants and genuineness of transactions--No such proof--Addition of amount in income of assessee--Justified-- Riddhi Promoters P. Ltd. v. CIT (Delhi) . . . 641
S. 80-IA --Industrial undertaking--Special deduction under section 80-IA--Computation of special deduction--Losses and other deductions set off against income of previous year cannot be taken into consideration-- CIT v. Kongoor Textile Process (Mad) . . . 559
Chap. X --International transactions--Arm’s length price--Determination--General principles applicable--Comparison of international transaction with uncontrolled transaction under rule 10B--Wide range of services in information technology enabled services--Knowledge process outsourcing could not be compared to call centres-- Rampgreen Solutions P. Ltd. v. CIT (Delhi) . . . 533
S. 119 --Advance tax--Interest payable by assessee--Waiver of interest--Powers of Chief Commissioner--Levy of interest confirmed by Tribunal--Case of assessee not covered by notification dated 26-6-2006--Chief Commissioner could not waive interest-- Fertilizers and Chemicals Travancore Ltd. v. Deputy CIT (Ker) . . . 591
S. 147 --Reassessment--Notice--Validity--Notice based solely on opinion of audit party--Not valid-- Shree Ram Builders v. Asst. CIT (OSD) (Guj) . . . 631
----Reassessment--Validity--Reason for notice not furnished to assessee--Reassessment based on statement of third party--Assessee not given opportunity to be heard--Reassessment not valid-- Kothari Metals v. ITO (Karn) . . . 581
S. 148 --Reassessment--Notice--Validity--Notice based solely on opinion of audit party--Not valid-- Shree Ram Builders v. Asst. CIT (OSD) (Guj) . . . 631
S. 201(1) --Business expenditure--Disallowance--Disallowance of expenditure on ground that tax has not been deducted at source on payment--Effect of insertion of second proviso to section 40(a)(ia)--Payee filing income-tax return and offering sum received for taxation--Disallowance of sum not justified-- CIT v. Ansal Land Mark Township P. Ltd. (Delhi) . . . 635
S. 226(3) --Recovery of tax--Garnishee proceedings--Writ petition by person who was not the legal owner of assets in question--Not maintainable-- TRO v. Bhishma Pithamaha (Karn) . . . 584
----Recovery of tax--State reorganisation--Company carrying on business on behalf of Telangana State incorporated on 30-5-2014--Assets and properties of Andhra Pradesh Beverages Corporation not taken over by company--Not a successor in interest to Corporation--Tax dues of Andhra Pradesh Beverages Corporation for assessment year 2012-13 could not be recovered from company--Company was not an assessee in default nor a garnishee-- Telangana State Beverage Corporation Ltd. v. Union of India (T & AP) . . . 622
S. 234C --Advance tax--Interest payable by assessee--Waiver of interest--Powers of Chief Commissioner--Levy of interest confirmed by Tribunal--Case of assessee not covered by notification dated 26-6-2006--Chief Commissioner could not waive interest-- Fertilizers and Chemicals Travancore Ltd. v. Deputy CIT (Ker) . . . 591
S. 254 --Appeal to Appellate Tribunal--Revision--Powers of Tribunal--Valid order of revision--Tribunal has no power to reappraise material and set aside order-- CIT v. Varanasi Khanta Rao, Prop. Sri Sai Srinivasa Modern Rice Mill (T & AP) . . . 602
----Appeal to High Court--Duty of Tribunal--Duty to follow direction of High Court-- Dr. Nassar Yusuf v. CIT (Ker) . . . 595
S. 263 --Appeal to Appellate Tribunal--Revision--Powers of Tribunal--Valid order of revision--Tribunal has no power to reappraise material and set aside order-- CIT v. Varanasi Khanta Rao, Prop. Sri Sai Srinivasa Modern Rice Mill (T & AP) . . . 602
----Revision--Condition precedent--Order of Assessing Officer erroneous and prejudicial to the Revenue--Commissioner discovering errors and passing order of revision after hearing assessee--Order valid-- CIT v. Varanasi Khanta Rao, Prop. Sri Sai Srinivasa Modern Rice Mill (T & AP) . . . 602
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