Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Polaris Financial Technology Ltd. v.Asst. CIT (2023) 332 CTR 351 / 150 taxmann.com 151 (Mad)(HC) Editorial : Polaris Financial Technology Ltd. v.Asst. CIT (WPNo. 31722 of 2017 dt. 13 th March, 2020 is set aside.

S. 147 : Reassessment-With in four years-Employment of new workmen-Matter is remanded back to single judge to examine for want of jurisdiction. [S.80JJAA, 148, Art. 226]

Azim Premji Trustee Co. (P.) Ltd. v Dy. CIT (2023) 331 CTR 173 / 122 DTR 145/ 146 taxmann.com 58 (Karn)(HC)

S.147: Reassessment-After the expiry of four years-Capital gains-Sale of shares-Gift-Income from other sources-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S. 56(2)(vii)(c), 148, Art. 226]

Kalinga Institute of Industrial Technology v. CIT (2023) 330 CTR 579 / 221 DTR 387 (Orissa)(HC)

S. 147 : Reassessment-After the expiry of four years-Material already on the record-Referred in the Audit report-Reassessment notice and order disposing the objection is quashed.[S. 148, Art. 226

Kostal India (P) Ltd. v. DRP (2023) 331 CTR 95/ 222 DTR 328 (Mad)(HC)

S. 144C : Reference to dispute resolution panel-Opportunity of being heard was provided-Failure to produce documents-Alternative remedy-Writ petition is dismissed. [S. 143(3), 144C(11), Art. 226]

Aryan Education Society v. NFAC (2023) 332 CTR 124 / 221 DTR 244 (Bom)(HC)

S. 144B : Faceless Assessment-Principle of natural justice-Draft assessment order-Assessment order is set aside and the matter is remanded back for fresh consideration by the AO in accordance with the provisions of the Act. [S. 144B(1)(xiv), Art. 226]

Srinivas Meesala v. Add. CIT (2023) 331 CTR 464/146 taxmann.com 322 (AP)(HC)

S. 144B : Faceless Assessment-Best judgement assessment-Reassessment-Unexplained money-Alternative remedy-Writ petition is dismissed.[S. 69A, 144, 147, 148, 246A, Art. 226]

Green Valliey Industries Ltd. v. Assessment Unit, Income Tax Department. (2023) 330 CTR 4(Cal) (HC) Editorial : Division bench set aside the judgement of single judge, Green Valliey Industries Ltd. v.Asst. Unit, Income-tax Department (2023) 330 CTR 1/ 147 taxmann.com 295 (Cal)(HC)

S. 144B : Faceless Assessment-Opportunity of hearing-Principle of natural justice-No patent violation of natural justice-Writ petition dismissed. [S. 143(3), Art. 226]

Green Valliey Industries Ltd. v. Asst. Unit, Income-tax Department (2023) 330 CTR 1/ 147 taxmann.com 295 (Cal)(HC) Editorial : Order of single judge is set aside, Green Valliey Industries Ltd. v.Asst. Unit, Income-tax Department (2023) 330 CTR 4 (Cal)(HC)

S. 144B : Faceless Assessment-Opportunity of hearing-Principle of natural justice-Less than 48 hours to submit reply-Matter remanded back for fresh consideration. [S. 143(3), Art. 226]

Dy. CIT. v. Abacus Real Estate (P)(Ltd (2023) 332 CTR 38 (SC) Editorial: From the judgement of Bombay High Court in Abacus Real Estate (P) Ltd v. Dy.CIT (2021) 133 taxmann.com 277 (Bom)(HC) (WP No. 1221 of 2021 dt. 25-10 2021

S. 144B : Faceless Assessment-Show cause notice with draft assessment order-Order passed by the High Court is modified and the matter is remanded to the AO to pass a fresh assessment order, after following due procedure in accordance with law. [Art. 136, 226]

CIT v. Crystal Phosphates Ltd. (2024)461 ITR 289/ 332 CTR 215 /152 taxmann.com 232 (P&H)(HC)

S. 143(3) : Assessment-Limited scrutiny-Central Board of Direct Taxes-Instructions-Binding on Authorities-Notice issued under section 143(2) not in terms of instructions of Central Board of Direct Taxes-Notice and assessment order without jurisdiction. [S. 119, 143(2), 144]