2021-TIOL-200-SC-IT-LB

ACIT Vs Sapana Charudatt Ranadive

In writ, the Larger Bench of the Supreme Court finds that the explanation offered in support of the application seeking condonation of delay, is not satisfactory. Hence the Court rejects the present SLP.

- Revenue's SLP dismissed: SUPREME COURT OF INDIA

2021-TIOL-199-SC-IT-LB

CIT Vs Areva T And D India Ltd

In writ, the Larger Bench of the Supreme Court grants leave to the Revenue's SLP and further allows period of 8 weeks for filing counter affidavit.

- Revenue's SLP allowed: SUPREME COURT OF INDIA

2021-TIOL-198-SC-IT-LB

DDIT Vs Ahmedabad Urban Development Authority

In writ, the Larger Bench of the Supreme Court directs that notice be issued to the parties concerned. It further directs that the matter be placed before the appropriate bench, along with connected matters, pursuant to directions issued in this regard by the Hon'ble Chief Justice of India.

- Notice issued: SUPREME COURT OF INDIA

2021-TIOL-197-SC-IT

Addl. CIT Vs Ericsson India Pvt Ltd

In writ, the Supreme Court observes that the present matter does not warrant invoking of writ jurisdiction under Article 136. Hence the present SLP along with pending applications are dismissed.

- Revenue's SLP dismissed: SUPREME COURT OF INDIA

2021-TIOL-196-SC-IT

Pr.CIT Vs Bombay Stock Exchange Ltd

In writ, the Supreme Court directs that notice be issued to the parties concerned. It further directs that the present matter be listed along with other related matters, before the appropriate court.

- Notice issued: SUPREME COURT OF INDIA

2021-TIOL-195-SC-IT

Pr.CIT Vs Jeans Knit Pvt Ltd

In writ, the Supreme Court observes that it's intervention is not warranted in the present matter.

- Revenue's SLP dismissed: SUPREME COURT OF INDIA

2021-TIOL-194-SC-IT-LB

CIT Vs Rajkot Urban Development Authority

In writ, the Larger Bench of the Supreme Court directs that notice be issued to the parties concerned. The Court further directs that the present matter & other connected matters be placed before the appropriate bench of this Court, pursuant to appropriate directions being issued by the Hon'ble Chief Justice of India.

- Notice issued: SUPREME COURT OF INDIA

2021-TIOL-193-SC-IT

DIT Vs Thanthi Trust

In writ, the Supreme Court grants leave to the Revenue's Special Leave to Petition.

- Revenue's SLP allowed: SUPREME COURT OF INDIA

2021-TIOL-1132-ITAT-DEL

ACIT Vs JKG Construction Pvt Ltd

Whether it is a fit case for remand where the AO presumed that the assessee undervalued all the flats developed by it, solely because the assessee had undervalued one flat in particular - YES: ITAT

Whether such a presumption drawn by the AO contravenes the legal principle of Falsus in uno and falsus in omnibus and additions made consequent to such presumption are not tenable - YES: ITAT

- Matter remanded: DELHI ITAT

2021-TIOL-1131-ITAT-DEL

ACIT Vs Gurcharan Singh

Whether commission paid to foreign agent for promotion of assessee's business, can be disallowed, where it is not in doubt that the agent provided services to the assessee - NO: ITAT

- Revenue's appeal dismissed: DELHI ITAT

2021-TIOL-1130-ITAT-DEL

Barring Private Equity Partners (India) Pvt Ltd Vs ACIT

Whether rule of consistency demands that the Revenue cannot approbate and reprobate in respect of the very same issue from year to year - YES: ITAT

- Assessee's appeal allowed: DELHI ITAT

2021-TIOL-1129-ITAT-MUM

Babaji Shivram And Carriers Pvt Ltd Vs DCIT

Whether disallowance of various expenses incurred by an assessee warrants being restricted to 5% where assessee has self-made vouchers to explain such expenses - YES: ITAT

- Assessee's appeal allowed: MUMBAI ITAT