Weekly Round-Up Of Tax Cases : April 3 To April 10, 2022

High Courts Delhi High Court Case Title: American Express India Private Limited Versus ACIT Citation: 2022 LiveLaw 289 The Delhi High Court bench of Justice Manmohan and Justice Dinesh Kumar Sharma has directed the income tax department to decide on the rectification application filed by American Express and grant a refund, if any, along with the interest. Case Title: CIT Versus India HIV Aids Alliance Citation: Citation: 2022 LiveLaw 294 The Delhi High Court bench of Justice Manmohan and Justice Dinesh Kumar Sharma has held that charitable institutions cannot be denied income tax exemption for collecting service charges from their donors to defray administrative costs. ITAT ​​AO's Jurisdiction Doesn't Change On Mere Surrendering Section 12A Registration: ITAT Upholds Income Tax Reassessment Order Against Young Indian Case Title: Young Indian Vs. ACIT The Delhi Bench of the Income Tax Appellate Tribunal consisting of Amit Shukla and Anil Chaturvedi has upheld the income tax reassessment order against Young Indian on the grounds that the jurisdiction of AO does not change on mere surrendering registration under Section 12A of the Income Tax Act. The Delhi Bench of ITAT, consisting of members N. K. Choudhry and Anil Chaturvedi, has upheld the order passed by the CIT deleting additions of over Rupees 67 Lakhs made to Lenskart's taxable income for non-deduction of TDS on marketing expenses paid by it to Facebook Ireland Inc. Case Title: Additional Commissioner of Income Tax Central Range 1, Mumbai Versus Leena Gandhi Tiwari The Mumbai Bench of the Income Tax Appellate Tribunal headed by Pramod Kumar and Rahul Chaudhary has ruled that mere non-disclosure of a foreign asset in the income tax return, by itself, is not a valid reason for a penalty under the Black Money Act, if the source of investment is well explained by the assessee.