Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Cognizant Technology Solutions India P. Ltd. v. ACIT (2021) 439 ITR 571 /206 DTR 401 (Mad.)(HC) Editorial : Order of single judge in Cognizant Technology Solutions India P. Ltd. v. ACIT (2021) 437 ITR 425 / 206 DTR 408/ 323 CTR 427 (Mad.)(HC) set aside

S. 147 : Reassessment-With in four years-Change of opinion-No new material-Reassessment notice was quashed. [S. 148, Art. 226]

Kone Elevators (India) (P) Ltd. v. ACIT (2021) 206 DTR 137 / 322 CTR 697 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Export oriented undertakings-Valid approval by STPI-Mistake or omission committed by the Assessing Officer-No failure to disclose any material facts-Reassessment notice was quashed. [S. 10B, 148, Art. 226]

FCA Engineering India (P) Ltd. v. ACIT (2021) 206 DTR 43 (Mad.) (HC)

S. 147 : Reassessment-After the expiry of four years-Free trade zone-Export Oriented units-Start of manufacturing-Location of Industrial undertaking-Failure to disclose material facts-Reassessment notice was held to be valid. [S. 10A(2), 148, Form No. 56F, Art. 226]

Triveni Earthmovers (P.) Ltd. v. ACIT (2021) 205 DTR 190 / 322 CTR 406 (Mad.)(HC) Editorial : Affirmed by division Bench Triveni Earthmovers (P) Ltd v. ACIT (2021) 206 DTR 279/322 CTR 934/ 283 Taxman 297 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Discrepancy and mismatch-MB Shah Commission report-Illegal mining in State of Odisha-Reason to believe-Reassessment notice is held to be valid. [S. 148, 154, Form 26AS, Art. 226]

Triveni Earthmovers (P) Ltd. v. ACIT (2021) 206 DTR 279 / 322 CTR 934 / 283 Taxman 297 (Mad.)(HC) Editorial : Order of single judge is affirmed, Triveni Earthmovers (P.) Ltd v. ACIT (2021) 205 DTR 190/ 322 CTR 406 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Discrepancy and mismatch-MB Shah Commission report-Illegal mining in State of Odisha-Reason to believe-Excess production-Issue subject matter of the reopening of assessment was never discussed in the original assessment proceedings-Failure to make full and true disclosure-Reassessment notice is held to be valid. [S. 148, 154, Form 26AS, Art. 226]

Nishant Vilaskumar Parekh v. ITO (2021) 203 DTR 290/ ( 2022) 440 ITR 436 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Penny stock-Specific information-Information wing-Approval was obtained-Reassessment notice was held to be valid. [S. 143(1), 148, Art. 226]

Jainam Investments v. ACIT (2021) 439 ITR 154 / 283 Taxman 439 / 206 DTR 447 / 323 CTR 25 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Cash credits-Accommodation entries-Penny stock-Survey-General information-No failure to disclose material facts-Reassessment notice was held to be bad in law. [S. 45, 68, 69, 133A, 148, Art. 226]

V. Thillainatesan v. Add. CIT (2021) 439 ITR 614 / 206 DTR 215 / 323 CTR 92 / (2022) 284 Taxman 388 (Mad.)(HC) Editorial : Order of single judge, V. Thillainatesan v. Add.CIT (2021) 206 DTR 223 / 323 CTR 100 (Mad)(HC)

S. 144B : Faceless Assessment-Natural justice-Assessment order was quashed- Existence of alternative remedy not an absolute bar to issue writ -Matter remanded to the appropriate authority for fresh assessment-Writ is maintainable where there is a violation of the principles of natural justice. [S. 143(3), Art. 226]

NainalalKidwai v. National Faceless Assessment Centre, Delhi (2021) 203 DTR 137 / 321 DTR 363 / 132 taxmann.com 30 (Delhi)(HC)

S. 144B : Faceless Assessment-Natural justice-Video hearing-Personal hearing was not granted-Time for passing assessment was extended-Order and notice of demand and notice initiating penalty proceedings were set aside. [S. 143(3), 156, 271AAC(1), Art. 226]

Prakash Nanji Paatel v. National Faceless Assessment Centre (2021) 203 DTR 220 / 321 CTR 256 (Bom.)(HC)

S. 144B : Faceless Assessment-Natural justice-Order was passed enhancing the income without following the procedure-Stay was granted till next date. [S. 143(3), Art. 226]