2023-TIOL-07-SC-IT

Association of Old Settlers of Sikkim Vs UoI

Whether Indians settled in Sikkim prior to Apr 26, 1975 are eligible for exemption regardless of fact that their names are recorded or not in Register of Subjects of erstwhile Kingdom of Sikkim - YES: SC

- Assessee's petition allowed: SUPREME COURT OF INDIA

2023-TIOL-06-SC-IT

K L Swamy Vs CIT

Whether liability of payment of interest does not stop merely on filing of return, but is attracted in terms of Section 140A till payment of tax - YES: SC

Whether assessee persons other than searched persons shall be liable to pay interest on late filing of return u/s 158BC even in absence of notice u/s 158BC - YES: SC

- Assessee's appeal partly allowed: SUPREME COURT OF INDIA

2023-TIOL-73-ITAT-RAJKOT

Maruti Construction Company Vs Pr.CIT

Whether invocation of Section 69C is justified in a case where the source of expenditure is explained by the assessee - NO: ITAT

Whether PCIT can exercise it's revisionary jurisdiction when the order passed by the AO is just and proper and not prejudicial to the interest of Revenue - NO: ITAT

- Assessee's appeal allowed: RAJKOT ITAT

2023-TIOL-72-ITAT-AHM

Kamla Merchantile Ltd Vs ITO

Whether the statement of the third party can be relied as the sole criteria for making an addition u/s 68 of the Act - NO: ITAT

- Assesssee's appeal partly allowed: AHMEDABAD ITAT

2023-TIOL-71-ITAT-KOL

Asva Power Systems India Pvt Ltd Vs ITO

Whether CIT (A) erred in dismissing the appeal on account of non-attendance of the assessee without stating the points on facts and merits of the case - YES: ITAT

- Assessee's appeal allowed: KOLKATA ITAT