Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Ratan Bej v. PCIT (2024)467 ITR 288 (Jharkhand)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Monetary limitation-Sold by Co-owners-Less than Rs.50 lakhs-Notice and order is set aside.[S. 148, 148A(b), 148A(d), 149(1) (b), Art. 226]

Mahabir Singh Joon v. ITO (2024)467 ITR 664 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Service of notice on address given by assessee and delivery report received-Service of notice is valid. [S. 148, 148A(b), 148A(d), Art. 226]

Anindita Sengupta v. Asst. CIT (2024)467 ITR 624 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Initial notice under erstwhile provision after coming in to force of new provisions-Directions of Supreme Court cannot be construed as warrant to reopen concluded proceedings which had attained finality-Notices and order quashed. [S. 148, 148(A)(b), 148A(d), Art. 226]

Aarti Fabricott Pvt. Ltd. v. ITO (2024)467 ITR 612 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-After the expiry of four years-Audit objections-Non-existence of tangible material-Order passed dropping the proceedings-Subsequent corrigendum to order under Section 148A(d) for issue of notice-Change of opinion-Review same material impermissible-Notice via corrigendum to order and consequent reassessment proceedings unsustainable.[S. 147, 148, 148A(b), 148A(c), 148A(d), Art. 226]

Renu Singh v. PCIT (2024)467 ITR 17/ 161 taxmann.com 296 /341 CTR 178 / 242 DTR 41 (Jharkhand)(HC) Editorial : SLP of assessee is dismissed, Renu Singh v.PCIT (2024)467 ITR 24 / 300 Taxman 89 (SC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Information from Investigation Wing-Alternative remedy-Statutory appeal-Writ petition is dismissed. [S. 147, 148, 148A(b), 148A(d), Art. 226]

Renu Singh v. PCIT (2024)467 ITR 24 / 300 Taxman 89 (SC) Editorial : Renu Singh v. PCIT (2024)467 ITR 17/ 161 taxmann.com 296 (Jharkhand)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Information from Investigation Wing-Alternative remedy-Statutory appeal-Writ petition is dismissed-SLP of assessee is dismissed. [S. 147, 148, 148A(b), 148A(d), Art. 136]

Ishwarbhai Thakorbhai Patel v. ITO (2024)467 ITR 558 (Guj)(HC)

S. 148 : Reassessment-Notice-Notice served at wrong Village Address-The service of a valid notice is condition precedent for the validity of notice and the foundation for the initiation of reassessment proceedings-Notice and consequent reassessment proceedings set aside. [S. 142(1), 147, Art. 226]

Nazirpur Large Sized Multipurpose Co-Op. Society Ltd. v. UOI (2024)467 ITR 6/300 Taxman 164 (Cal)(HC)

S. 147 : Reassessment-Assessment order-Notice of demand issued towards differential amount of tax payable inclusive of interest-Demand notice contrary to Assessment order and therefore, unsustainable and quashed [S.144B, 148, 156, Art. 226]

Nava Diganta Builders v. UOI (2024)467 ITR 454 / 166 taxmann.com 414 (Cal)(HC)

S. 147 : Reassessment-Faceless Assessment-Notice issued by Jurisdictional Assessing Officer-Department directed to file Affidavit-in-position-Stay of notice until disposal of writ petition or further order whichever is earlier.[S. 119, 144B,148,151A, Art. 226]

Jasjit Singh v. UOI (2024)467 ITR 52/ 340 CTR 1/ 240 DTR 337 / 300 Taxman 437 (P&H)(HC)

S. 147: Reassessment-Faceless Assessment-Notice-Circulars and instructions-Cannot override statutory provisions-Notice issued by Jurisdictional Assessing Officer without jurisdiction is set aside. [S. 119, 144B(7), 144B(8), 148, 151A, Art. 226]