Showing posts with label DRP. Show all posts
Showing posts with label DRP. Show all posts

Tuesday, 22 April 2014

Gist of recent important tax caselaws / judgements



Below are the recent important tax caselaws related to Income tax, Service tax, Excise in brief. The citation is made available for your benefit :
INCOME TAX


SECTION 68
CASH CREDITS
Burden of proof : No addition on account of cash credits be made, where assessee had given PAN of creditors, their confirmation and their bank statement which established their creditability - Commissioner of Income-tax –I v. Dharamdev Finance (P.) Ltd. (2014) 43 taxmann.com 395 (Gujarat)
 
 
SECTION 80
LOSS RETURN
Conditions precedent : Where original return filed was not a loss return but loss was determined in assessment proceeding, carry forward of loss on account of violation of section 80 could not be denied - Commissioner of Income-tax, Central Circle v. Srinivasa Builders (2014) 44 taxmann.com 35 (Karnataka)
 
 
 
SECTION 144C
DISPUTE RESOLUTION PENAL, REFERENCE TO
Where in course of transfer pricing proceedings, DRP merely directed Assessing Officer to verify figures of revised return filed by assessee, Assessing Officer was bound by said direction and, therefore, he could not on his own start scrutiny about merits of adjustments made in revised return of income - Nortel Networks India (P.) Ltd. v. Additional Commissioner of Income-tax, Range -13, New Delhi (2014) 44 taxmann.com 26 (Delhi - Trib.)
 
 
 
TELECOM REGULATORY AUTHORITY OF INDIA, SERVICE PROVIDERS (MAINTENANCE OF BOOKS OF ACCOUNTS AND OTHER DOCUMENTS) RULES, 2002
RULE 3
MAINTENANCE OF BOOKS OF ACCOUNTS AND OTHER DOCUMENTS
When nation's wealth, like spectrum, is being dealt with either by the Union, State or its instrumentalities or even the private parties the CAG has the powers to conduct the revenue audit of all accounts drawn by the service providers in relation to revenue receipt - Association of Unified Tele Services Providers v. Union of India (2014) 44 taxmann.com 150 (SC)
 
 
 
 


Tuesday, 29 October 2013

Tribunal Has Power And Duty To Order Refund Of Taxes Illegally Collected By AO: High Court

DCIT vs. ITAT (Punjab & Haryana High Court)

Dept hauled up for “over-zealousness” and “ham-handed” attempt to recover taxes in violation of stay order. Tribunal is duty-bound to order refund of such taxes
The AO raised a demand of Rs.210.57 crores by making certain adjustments for the AMP expenditure incurred. This was confirmed by the DRP. The assessee filed an appeal before the Tribunal as well an application before the CBDT under the Mutual Agreement Procedure (MAP) prescribed in Article 27 of the India-USA DTAA. The assessee also filed a stay application before the Tribunal. The Tribunal granted a stay of the demand for a period of 180 days or disposal of the appeal or of the MAP application, whichever is earlier. It was provided that the assessee sought an adjournment, the stay would be vacated. On the date fixed for hearing, the assessee pointed out that the issue of adjustments to the AMP expenditure was pending before the Special Bench in L. G. Electronics (since decided 152 TTJ 273) and so the appeal was adjourned. The AO took the view that as the assessee had sought an adjournment, the stay stood automatically vacated and so he attached the assessee’s bank account. The assessee filed an application u/s 151 of the CPC before the ITAT seeking refund of the amount recovered by the revenue. The Tribunal held that the adjournment was granted by it suo motu in conformity with judicial discipline as the issue was pending before the Special Bench. It held that the AO had acted in violation of the stay order and directed him to refund the amount collected. The Department filed a Writ Petition to challenge the said order. HELD by the High Court dismissing the Petition:
(i) A trivial adjournment, an overzealous revenue department, compelled apparently by year ending revenue collection targets, has led to this unnecessary litigation. It is not a case where the assessee sought an adjournment but one where the Tribunal chose to adjourn to await the decision of the Special Bench. Apart from that the show cause notice issued to the assessee does not refer to vacation of the stay order but refers to admission or not of the MAP application though that there was discussion relating to vacation of the stay order during the personal hearing. The AO should have been honest enough to issue a show cause notice on the ground that the stay order stands vacated. The vacillating stand of the revenue clearly indicates a confused state of mind, apparently compelled by the need to achieve targets fixed by superiors of the department;
(ii) As regards the jurisdiction of the Tribunal to order refund of the amount appropriated by the revenue, the Tribunal has rightly held that it is empowered, in view of nature of its jurisdiction, as well u/s 151 of the CPC to order refund, as the stay order has not been vacated. The power to ensure that its orders are not violated during pendency of a lis are inherent in any Court or Tribunal. In fact it is the bounden duty of the Tribunal to ensure where its order is violated that the violation is adequately redressed and money appropriated, is restituted. If such a power is held not to be available to the Tribunal, its interim orders would be flouted with impunity. If, the revenue was of the opinion that the stay order has been violated by the assessee or has been vacated, it should have approached the Tribunal for clarification by way of an appropriate application but instead proceeded in a ham-handed manner, to appropriate this amount.
Note: This impliedly approves RPG Enterprises 251 ITR 20 (Mum) (AT), MSEB 81 ITD 299 (Mum) & KLM Royal Dutch Airlines 1 SOT 659 (Del) where the Tribunal directed the AO to refund taxes illegally recovered