Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. G. Lakshmi Aruna (Smt.) (2023) 333 CTR 257/225 DTR 417/150 taxmann.com 107 (Karn)(HC)/Editorial : SLP of Revenue is dimissed , PCIT v. G. Lakshmi Aruna (Smt) (2024) 297 Taxman 396 (SC)

S. 153C : Assessment-Income of any other person-Search-Recording of satisfaction is mandatory-No satisfaction is recorded-Order of the Tribunal quashing the order is affirmed.[S. 132, 153A, 153D]

CIT v. Siksha ‘O’ Anusudhana ( 2023) 333 CTR 770 ( Orissa) ( HC)

S. 153A : Assessment-Search-No search warrant against assessee-Order of Tribunal is affirmed-Matter is remanded to the Tribunal only for determining the factual aspect of the existence of a valid search warrant.[S. 132]

Ethics Commercials Ltd. v. UOI(2023) 335 CTR 342 (Cal) (HC)

S. 151 : Reassessment-Sanction for issue of notice-Specified authority-More than three years-Sanction of Principal CIT instead of principal Chief CIT-Matter remanded. [S. 148A(d) 151(ii),, Art. 226]

Giriraj Commercial (P) Ltd. v. UOI(2023) 334 CTR 589(Cal)( HC)

S. 149 : Reassessment-Time limit for notice-Conducting inquiry, providing opportunity before issue of notice-Sanction-Limitation-Specified authority-For the purpose of approval in this case is Principal CIT and the AO has rightly taken approval from the Principal CIT concerned and such approval for passing the impugned order under S 148A(d) is legal and valid-Writ petition is dismissed. [S. 148A((b), 148A(d), 149(1), 151, Art. 226]

Accord Capital Markets (P) Ltd. v. ITO (2023) 333 CTR 549 (Cal)( HC) Editorial : Order of single Judge is affirmed, Accord Capital Markets (P) Ltd. v. ITO (2023) 333 CTR 550 (Cal)( HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Fictitious loss-Derivative loss-Full-fledged investigations are required-Due process is followed-Writ petition is dismissed. [S. 148A(b), 148A(d), Art. 226]

Heritage Holidays (P) Ltd. v. Asst. CIT(2023) 335 CTR 1101 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Failure to disclose capital gains-Sale consideration of immoveable properties-Writ petition is filed after five months of passing of order-Writ petition is dismissed.[S. 148A(b) Art. 226]

Usha Rani Girdhar v. ITO (2023) 334 CTR 596 / 146 taxmann.com 547 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains –Cash credits-Sale of property-Description of property was different in order passed under section 148A(d) from description in notice under section 148A(b)-Reassessment notice and order is quashed and set aside.[S. 45, 68, 148A(b), 148A(d), Art. 226]

Girdhar Goppal Dalmia v.UOI ( 2023) 333 CTR 388 ( Cal)( HC) Editorial : Order of single judge is set aside, Girdhar Goppal Dalmia v.UOI ( 2023) 333 CTR 393/ 224 DTR 439 ( Cal)( HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principle of natural justice is violated-Seven days time exclusive of holidays to give reply was not provided-Matter is remanded back for fresh consideration.[S.148(A)(b), 148A(d), Art. 226]

Girdhar Goppal Dalmia v. UOI ( 2023) 333 CTR 387/ 224 DTR 433 ( Cal)( HC) Editorial: Order of single judge is set aside, Girdhar Goppal Dalmia v.UOI ( 2023) 333 CTR 379 ( Cal)( HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Order passed is neither violation of principle of natural justice nor contrary to any statutory provision nor any procedural irregularity nor without jurisdiction-Writ petition is dismissed. [S. 148A(b), 148A(d), Art. 226]

Accord Capital Markets (P) Ltd v.ITO ( 2023) 333 CTR 549 ( Cal)( HC) Editorial : Order of single judge is set aside, Accord Capital Markets (P) Ltd v.ITO ( 2023) 333 CTR 550 ( Cal)( HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Replies uploaded was not considered-Order passed and notice issued is set aside-Directed the Assessing Officer to pass a reasoned order on merits and in accordance with law. [S. 148A(b), 148A(d), Art. 226]