Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Sprite Investment (P.) Ltd. v. UOI (2024) 166 taxmann.com 156 / 432 ITR 342 (Bom)(HC)

S.151A : Faceless assessment of income escaping assessment-Reassessment-Notice issued by Jurisdictional Assessing Officer instead of Faceless Officer held to be without jurisdiction [S. 147, 148, 148A(b), 148A(d), Art. 226]

PCIT Central v. Capital Power Systems Ltd. [2025] 302 Taxman 481 (Delhi)(HC)

S. 150: Assessment-Order on appeal-Conditions set out in S. 150 are required to be fulfilled for invoking S. 150 for issuance of notice under S. 148 beyond the period stipulated under S. 149-Appeal of Revenue is dismissed. [S. 148, 254(1), 260A]

Bhoomi Viral Shah v. ITO (2024) 473 ITR 574 (Bom.) (HC) Editorial: This decision is prior to the Apex Court’s judgment of UOI v. Rajeev Bansal (2024)469 ITR 46/ 301 ITR 238 (SC) (dated 3 October 2024.)

S. 149 : Reassessment-Time limit for notice-Provisions of relevant assessment year applicable for reassessment proceedings. [S. 147 148,149(1)(b), Art. 226]

Banyan Real Estate Fund Mauritius v. ACIT (IT) (2024) 165 taxmann.com 210 /(2025) 473 ITR 466 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Incorrect premise-Reassessment notice based on incorrect assumption of non-filing of return-Held to be invalid-Order cannot be justified on basis of reasons supplied subsequently-DTAA-India-Mauritius [S. 9, 147,148, 148A(b), 148A(d), Art. 13(4), Art. 226]

Nalinaksha Sarma v. UOI (2025) 473 ITR 257 (Gauhati) (HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-No opportunity of being heard-Violation of principles of natural justice-Reassessment notice u/s 148 and order u/s 148A(d) quashed [S. 148A(b), 148A(d), 149(1)(a), 149(1)(b)]

Kinshuk Goel Legal Heir v. ACIT (2025) 473 ITR 323 (Delhi) (HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notices issued in name of dead person-Participation cannot be regarded as waiver-Notices issued are invalid-Reassessment proceedings set aside. [S. 147, 148,148A(b), 148A(d), Art. 226]

Genpact Luxembourg S. A. R. L. v. ACIT (IT) (2025) 473 ITR 68 (Delhi) (HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-The interest income received from Non-Convertible Debentures (NCDs) was appropriately taxed under section 194LD, and could not be characterized as dividend liable for Dividend Distribution Tax (DDT) under section 115-O-Nexus between material relied on and formation of belief is necessary-Recorded reasons cannot be substituted-Notice and order disposing the objection is quashed. [S.115O, 147, 148, 148A(b), 148A(d), 194LD, Art. 226]

Ahmedabad District Co-op Milk Producers Union Ltd. v. ITO (2025) 472 ITR 214 (Guj.) (HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Order is passed without giving assessee adequate opportunity to reply to the initial notice-Order is not valid-Matter is remanded back to the Assessing Officer. [S. 147, 148, 148A(b), 148A(d), Art. 226]

Pico Capital Private Limited v. Dy. CIT (2025) 170 taxmann.com 638 (Bom)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Petitioner had explicitly sought for a personal hearing-Not granted-Breach of the principles of natural justice-Order is set aside.[S. 148A(b), 148A(d), Art. 226]

City Corporation Limited v. ACIT (2025) 171 taxmann.com 301 (Bom) (HC)

S. 148 : Reassessment-Notice-Merger-Non Existing entity-Notice issued to a non-existing entity post-merger was a substantive illegality and not some procedural violation-Notice and order is quashed and set aside. [S.147v 292B, Art. 226