Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Revathi Equipment Ltd. v. ACIT (2025) 306 Taxman 72 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Non-compete Fee-Revenue expenditure-Change of opinion-Full disclosure of facts-Reassessment notice and order disposing the objection was quashed.[S. 37(1), 148, Art. 226]

Symbiosis Open Education Society v. ACIT(2025) 306 Taxman 62 (Bom.)(HC)

S.147: Reassessment-After the expiry of four years-Educational Society-Accumulation of income-Reassessment notice and order disposing the objection was quashed and set aside. [S. 11 (2), 14 Art. 226]

Shree Shakambhari Udyog Partnership Firm v. CIT (2025) 306 Taxman 339 (SC) Editorial: Shree Shakambhari Udyog Partnership Firm v. CIT (2025) 173 taxmann.com 955 (Pat) (HC)

S. 147: Reassessment-Unexplained money-Unaccounted sales-Information from Partner’s Complaint-Opportunity of Hearing-No Reliance Solely on Third-Party-Writ not maintainable-SLP of assessee dismissed. [S.69A, 148, Art. 136]

ITO v. Parmukh Exports [2025] 306 Taxman 356 (SC) Editorial : Parmukh Exports v. ITO (2025) 177 taxmann.com 227 (Guj)(HC)

S.147 : Reassessment-Cash credits-Information from GST data-Non-furnishing of sales and purchase register-Assessee furnished GSTR-I and complete audited books-Reopening unjustified-Delay of 233 days-SLP of revenue was dismissed on account of delay as well as on merits. [S. 68,148, Art. 136]

Manju Arora v. ITO [2025] 306 Taxman 91 (SC) Editorial :Manju Arora v. ITO (2025) 176 taxmann.com 343 (Delhi)(HC)

S. 147 : Reassessment-Alternative remedy-Filing appeal-Writ petition was dismissed-SLP of assessee dismissed.[S. 144B,148, Art. 136]

Dy. CIT v. Infibeam Avenues Ltd. (2025) 306 Taxman 350 (SC) Editorial : Infibeam Avenues Ltd v. Dy. CIT (2024) 161 taxmann.com 476 (Guj)(HC)

S. 147 : Reassessment-Income from other sources-Share premium-Change of opinion-No new tangible material-SLP of revenue dismissed.[S. 56, 68, 148, Art. 136]

ACIT v. Adeshwara Cement Co. (P.) Ltd. (2025) 306 Taxman 271 (SC) Editorial : Adeshwara Cement Co. (P.) Ltd v.ACIT (2024) 166 taxmann.com 583 (Guj)(HC)

S. 147 : Reassessment-With in four years-Cash credits-Book profit-Even if the proposed addition is made, there would be no taxable income-Reassessment notice was quashed by High Court-SLP delay of 196 days-Delay was not condoned-SLP dismissed.[S. 68, 115JB, 148, Art. 136]

ITO v. Ram Nebhnani HUF [2025] 306 Taxman 272 (SC) Editorial. Ram Nebhnani HUF v. ITO (2025) 176 taxmann.com 231 (Bom)(HC)

S. 147 : Reassessment-Client Code Modification-Cash credits-AO treated entire gross amount as undisclosed income-Only net gain taxable-No escapement of income-Delay of 442 days-SLP dismissed on account of delay. [S. 68, 148, Art. 136]

ITO v. Asefa Zohar Malampattiwala (2025) 306 Taxman 96 (SC) Editorial : Asefa Zohar Malampattiwala v. ITO (2025) 176 taxmann.commm 219 (Guj)(HC)

S.147: Reassessment-After the expiry of four years-Proceedings based on bogus ‘sauda chitthi’ neither on stamp paper nor registered nor notarized on plain paper-No income accrued on account of transfer of capital asset-No escapement of income chargeable to tax-Reassessment notice was quashed by High Court-SLP delay of 846 days-SLP dismissed on account ofdelay as well as on merits.[[S.2(47), 68, 148, Art. 136]

Tulsidas Khimji (P.) Ltd. v. ACIT (2025) 306 Taxman 274 (Bom.)(HC)

S. 144B : Faceless Assessment-Validity of assessment order under section 143(3) passed by serving Show Cause notice for variation of income on email Id not provided by the assessee-Assessment set aside and remanded back at the stage of Show cause proceeding.[S.143(3), 144B(1)(xii), Art. 226]