Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Alkem Laboratories Ltd. v. PCIT (2023)459 ITR 551 /152 taxmann.com 133 (Pat)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Information must be definite and not vague-Validity of notice can be challenged by filing writ petition.[S. 147, 148, 148A(b) 148A(d), Art. 226]

Urban Homes Realty v. UOI (2023)459 ITR 96 /154 taxmann.com 252 (Bom)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Purchase of property-Issue examined in the original assessment proceedings-Notice is set aside.[S. 142(1), 147, 148A(b), 148(A)(d), Art.226]

Southern Ispat and Energy Ltd. v.UOI (NO. 2) (2023)459 ITR 328 /(2022) 143 taxmann.com 270 (Chhattisgarh)(HC) Editorial : Affirmed, Southern Ispat and Energy Ltd. v. UOI (NO. 1) (2023)459 ITR 324 (Chhattisgarh)(HC)

S. 148 : Reassessment-Notice-Sanction-Alternative remedy-Writ petition dismissed. [S. 147, 151,246A, Art. 226]

Southern Ispat and Energy Ltd. v. UOI (NO. 1) (2023)459 ITR 324 (Chhattisgarh)(HC) Editorial : Affirmed, Southern Ispat and Energy Ltd. v.UOI (NO. 2) (2023)459 ITR 328 /(2022) 143 taxmann.com 270 (Chhattisgarh)(HC)

S. 148 : Reassessment-Notice-Sanction-Alternative remedy-Writ petition dismissed. [S. 147, 151,246A, Art. 226]

Shri Shivaji Maharaj Co-Op. Credit Society Ltd. v. ITO (2023)459 ITR 483 (Karn)(HC)

S. 148 : Reassessment-Notice-Permanent Account Number-Old permanent account number-Matter remanded to Assessing Officer to afford opportunity to assessee to produce necessary documents-Notice and orders set aside. [S. 74, 144, 144B, 147, 148, 156, 271(1)(c), Art. 226]

Kajal S. Jain v. ITO (2023)459 ITR 365 /(2024) 158 taxmann.com 212 (Mad)(HC)

S. 148 : Reassessment-Notice-Death of assessee-Failure to respond to notices issued on Department’s Website-Legal representative directed to respond notices with supporting documents-Matter remanded to Assessing Officer for passing fresh order on merits. [S. 69,115BBE, 142(1), 147, Art. 226]

Bakhtawar Construction Co. Pvt. Ltd. v. Dy. CIT (2023) 459 ITR 402 / 335 CTR 481/ (2024) 296 Taxman 476 (Bom) (HC)

S. 147 : Reassessment-With in four years-Query raised-Issue considered during original assessment proceedings-Notice and order disposing the objection is quashed. [S. 2(22)(a), 50C, 148, Art. 226]

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

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Notice must specify facts which had not been disclosed-Notice not valid.[S.143(3), 148, Art. 226]

Shriprakash Ramshringar Pandey v. ITO (2023)459 ITR 461 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-Capital gains-Not discussed in the assessment order-No failure to disclose material facts-Notice based on assessment records-Reassessment is not valid.[S.45, 148]

Astec Lifesciences Ltd. v. ACIT (2023)459 ITR 595 /155 taxmann.com 284 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Change of opinion-Notice and order disposing the objection is quashed. [S.35(2AB), 36(1)(vii),37(1),115JB, 147, 148, Art. 226]