Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Meet Lalwani L/H of Late Mrs Amita Lalwani v. ITO (2024) 337 CTR 602 (MP)(HC)

S. 148 : Reassessment-Notice-Dead person-Notice issued to a dead person to reopen the assessment is null and void. [S. 147, Art. 226]

Kalinga Institute of Industrial Technology (KIT) v. ACIT(E) (2024) 337 CTR 108 (Orissa) (HC)

S. 147 : Reassessment-With in four years-No new tangible material-Review of the assessment to rectify earlier error or omission-Notice and order disposing the objection is quashed. [S. 148, 263, Art. 226]

Surani Steel Tubes Ltd. v.ITO (2022) 136 taxmann.com 139/ (2024) 337 CTR 84 (Guj) (HC)

S. 147 : Reassessment-After the expiry of four years-Borrowed satisfaction-Accommodation entry-Information supplied by Investigation Wing-Bogus sales, purchases, fictitious loans etc-Notice and order disposing the objection is quashed. [S.68, 148, Art. 226]

Shri Shanmukhananda Fine Arts & Sangeetha Sabha v. DY.DIT(E) (2024) 337 CTR 114 (Bom)(HC)

S.147: Reassessment-After the expiry of four years-Depreciation-Subject matter of appeal-Third proviso-Reassessment notice and order disposing the objection is quashed. [S. 11,32, 148, Art, 226]

Shapoorji Pallonji Solar Holdings (P) Ltd. v. ITO [2023] 152 taxmann.com 52 / (2024) 337 CTR 981/470 ITR 139 (Mad) (HC)/Editorial : Affirmed in Shapoorji Pallonji Solar Holdings Pvt. Ltd. v. ITO(No. 2) (2024)470 ITR 142 (Mad) (HC)

S. 143(3): Assessment-Losses under head capital gains-Pendency of appeal-Alternative remedy-Writ is not maintainable. [S. 45, 74, 246A, Art. 226]

P.S. Subramanian v. ITO (2024) 337 CTR 984/ 160 taxmann.com 232 (Mad) (HC)

S. 143(3):Assessment-Reassessment-Death of assesseee-Legal representative-Defective appeal-Legal representatives must register themselves in the IT Portal by submitting the PAN of the deceased assessee along with their PAN as the legal representative of deceased assessee and produce a death certificate-Writ petition is dismissed.[S. 148, 148A(b), 148A(d), 159, 221(1) 246A, Art. 226]

Dilip Mehta v. PDIT(Inv) (2024) 337 CTR 342/ 300 Taxman 584 (MP)(HC)

S. 132(3) : Search and seizure-Prohibitory order-Article-Liquor-Contention of Revenue that liquor cannot be included in the expression of valuable article is rejected-Order issued under section 132(3) is quashed on the ground that Revenue could have invoked section 132(1) of the Act. [S. 132, Art. 226]

Umesh Shenoy v. PCIT (2024) 337 CTR 118 (Ker) (HC)

S. 119 : Central Board of Direct Taxes-Return-Condonation of delay-Filed after six years-Directed to accept the return and the assessee is directed to rectify the errors and the claim for refund should be processed in accordance with law. [S. 119(2)(b), 139, 240, Art. 226]

PCIT v. Hellmann Worldwide Logistics India (P) Ltd [2023] 155 taxmann.com 44 / (2024) 337 CTR 335 (Delhi)(HC)

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Most appropriate method-TNMM-CUP-Most appropriate method-Order of the Tribunal is affirmed-No substantial question of law.[S. 260A]

CIT (IT) v. APL Co. Pte Ltd [2023] 156 taxmann.com 530/ (2024) 337 CTR 856 (Bom)(HC)

S. 44B : Shipping business-Non-residents-Computation-Certificate issued by Singapore Tax authorities will constitute sufficient evidence for accepting the legal position-No substantial question of law-DTAA-India-Singapore. [S.90,260A, Art., 9, 8, 24(1)]