2023-TIOL-74-SC-IT

Haji Ramzan And Sons Vs CIT

Having heard the parties, the Supreme Court refused to interfere with the judgment passed by the High Court on the issue of waiver of interest charged u/s 220(2A).

- Assessee's SLP dismissed: SUPREME COURT OF INDIA

2023-TIOL-73-SC-IT

Ajay Gupta Vs ITO

Having heard the parties, the SC refused to interfere with the judgment passed by the High Court on the issue of accomodation entries and dummy demat account.

- Assessee's SLP dismissed: SUPREME COURT OF INDIA

2023-TIOL-72-SC-IT

BSES Rajdhani Power Ltd Vs Pr.CIT

Having heard the parties, the SC while refusing to interfere with the judgment passed by the High Court, clarified that the assessee will be entitled to raise all pleas and contentions, including the contention that the preconditions for invoking jurisdiction under Section 263 of the Income Tax Act, 1961 are not satisfied before the Commissioner of Income Tax.

- Assessee's SLP dismissed: SUPREME COURT OF INDIA

2023-TIOL-71-SC-IT

Pr.CIT Vs Venus Infrastructure And Development Pvt Ltd

Having heard the parties, the Supreme Court refused to interfere in the order of the High Court on the issue of deduction u/s 80IB and dismissed the SLP.

- Revenue's SLP dismissed: SUPREME COURT OF INDIA

2023-TIOL-718-ITAT-DEL

Sandeep Kumar Vs ITO

Whether AO erred in not been able to dislodge assessee's claim by making any inquiry - YES: ITAT

- Assesee's appeal allowed: DELHI ITAT

2023-TIOL-717-ITAT-DEL

Sanjay Bansal Vs ITO

Whether where transaction of gift of property is between brother and sister, it falls outside the ambit of the provision of section 56(2)(vii)(b) of the Act - YES: ITAT

- Appeal allowed: DELHI ITAT

2023-TIOL-716-ITAT-KOL

Sandeep Kumar Poddar Vs ITO

Whether insertion of the third proviso to Section 50C(1) is in the nature of a remedial measure to address a bonafide situation where there is little justification for invoking an anti-avoidance provision - YES: ITAT Whether amendment to section 56(2)(x) brought in by Finance Act, 2020 of increasing tolerance limit from 5% to 10%, is curative in nature - YES: ITAT

- Assessee's appeal allowed: KOLKATA ITAT