Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Oroth Scaria Bobby v. UOI (2024) 297 Taxman 296/ 468 ITR 268 (Ker.)(HC)

S. 147 :Reassessment-Cash credits-Cash deposited-Demonetisation-Personal hearing was granted-Replies considered-Writ petition is dismissed. [S. 68, 142(1) 143(3), 148, Art. 226]

PCIT v. Gautam Bhalla (2024) 297 Taxman 94 (Delhi)(HC)

S. 147 : Reassessment Cash credits-Addition was deleted by CIT(A)-No incriminating material was found-Reassessment Notice is quashed.[S.68, 132,148, 153A]

Infosys Ltd. v. ACIT (2024) 297 Taxman 101 (Karn.) (HC)

S. 147 : Reassessment-After the expiry of four years-Payment to sub-contract charges-No failure to disclose material facts-Reassessment notice and order disposing the objection is set aside.[S. 37(1), 143(3), 148, Art.226]

Maa Bhagwati Shiksha Samiti v. CIT (2024) 297 Taxman 358 /336 CTR 91 (All.)(HC)

S. 147 : Reassessment-After the expiry of four years-Form No 10 for accumulation of income was filed late but before completion of assessment-Order passed allowing the accumulation-Reassessment notice and order disposing the objection is quashed. [S.11(2),12A 12148, Form No 10, R. 17, Art.226

Cygnet Infotech (P.) Ltd. v. ACIT (2024) 297 Taxman 17 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Deemed dividend-Loans to director of associated company-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S.2(22)(e), 148, Art. 226]

Chennai Container Terminal (P.) Ltd. v. ACIT (2024) 297 Taxman 405 /463 ITR 574 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Industrial undertakings-Infrastructure development-Port facility-Compensation in respect of damages to wharf-Change of opinion-Reassessment notice and order disposing the objection is quashed.[S.80IA, 148, Art. 226]

ACIT v. Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd (2024) 297 Taxman 223 (SC) ACIT v. Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd (2024) 297 Taxman 387 (SC) Editorial : Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd. v ACIT (IT) (2023)452 ITR 111/ 331 CTR 1/222 DTR 265 / 146 taxmann.com 569 (Delhi)(HC)

S. 147 : Reassessment-Double taxation avoidance agreements-Tax Residency Certificate granted by another country-Binding on Income-Tax Authorities in India-Notice of reassessment is not valid-DTAA-India-Singapore-Notice issued in SLP filed by the Revenue-SLP granted to the Revenue. [S. 90(2), 133(6), 148, Art. 13(4) Art. 136]

ACIT v. Adani Power Maharashtra Ltd. (2024) 297 Taxman 394 / 460 ITR 729 (SC) Editorial : Adani Power Maharashtra Ltd v. ACIT (2023) 294 Taxman 414 (Guj)(HC)

S. 147 : Reassessment-With in four years-corporate social responsibility expenses-Reopening was without application of mind-Reassessment notice and order disposing the objection is quashed-SLP of Revenue is dismissed, [S. 148, Companies Act, 2013, S. 135 Art.136]

ACIT (OSD) v. Durr India (P.) Ltd. (2024) 297 Taxman 58 (SC) Editorial : Durr India (P.) Ltd v. ACIT (2023) 152 taxmann.com 303/ 455 ITR 460 (Mad)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Reassessment is barred by limitation-SLP of Revenue is dismissed. [S. 145, 148 Art. 136]

ACIT v. Noshir Darabshaw Talati (2024) 159 taxmann.com 390/ 297 Taxman 390 (SC) Editorial : Noshir Darabshaw Talati v. ACIT (2023)459 ITR 742 /150 taxmann.com 16 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-Losses-Capital gains-Losses carried forward-No failure to disclose material facts-Notice must specify facts which had not been disclosed-Notice not valid-SLP is granted to the Revenue. [S.72, 143(3), 148, Art. 136]