Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Vivek Kumar v. ITO (2025) 306 Taxman 101 (SC) Editorial: Vivek Kumar v. ITO (2025)175 taxmann.com 864 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Satisfaction of Assessing Officer at notice stage is sufficient for reopening-SLP assessee dismissed. [S. 147, 148A (b), 148A (d), Art. 136]

Caishen Enterprise LLP v. ACIT(2025) 306 Taxman 138 (Bom)(HC)

S. 148 : Reassessment-Notice-Cash credits-Notice must be issued by the Faceless Assessing Officer (FAO) and not by the Jurisdictional Assessing Officer (JAO)-Notice issued by JAO is a fatal defect and quashed.[S. 147, Art. 226]

SI Property (Kerala) (P.) Ltd. v. CIT (2025) 306 Taxman 44 (Ker.)(HC)

S. 147 : Reassessment-With in four years-Change of opinion-Depreciation-Survey-Examined during the original assessment proceedings-Reassessment not valid-Omission to pass a speaking order on receipt of objections cannot be considered as fatal.[S. 133A,143(3), 148, Art. 226]

Relitrade Stock Broking (P.) Ltd. v. ITO (2025) 306 Taxman 133 (Guj.)(HC)

S. 147 : Reassessment-With in four years-Deemed Dividend-Trade Advances-Credit Balances-Common Shareholding-Reassessment Invalid. [S.2(22)(e), 148, Art. 226]

Sundararajan (P.) v. DCIT (2025) 306 Taxman 115 (Mad.)(HC)

S. 147 : Reassessment-With in four years-Interest on borrowed capital-Change of opinion-Full disclosure during original assessment-Reopening held invalid.[S.36(1)(iii), 147, Art. 226]

PCIT v. Purple Suppliers (P.) Ltd. (2025) 306 Taxman 145 (Cal.)(HC)

S. 147: Reassessment-After the expiry of four years-Alleged bogus purchases-Unexplained expenditure-Full disclosure-Reason to suspect-Order of Tribunal quashing the reassessment order was affirmed. [S.69C, 148, 260A]

Revathi Equipment Ltd. v. ACIT (2025) 306 Taxman 72/2026) 484 ITR 768 (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]