Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


G. E. Power India Ltd. v. ACIT (2023)458 ITR 450 /(2024) 158 taxmann.com 173 (Bom)(HC)

S. 245 : Refunds-Set off of refunds against tax remaining payable-Failure to comply with provision-Entitle to refund with interest if any in accordance with law. [S. 237, 244A(1), 244A(IA), Art.

Aricent Technologies (Holdings) Ltd. v. ACIT (2023)458 ITR 578 /152 taxmann.com 299/ 334 CTR 84/ 225 DTR 270 (Delhi)(HC)

S. 237 : Refunds-Failure to give effect to remand order of the Tribunal within prescribed time-Assessment order is barred by limitation-Directed to grant refund with interest.[S. 153(3), 153(4), 254(1), Art. 226]

Sudarshan Reddy Kottur v. ITO (2023) 458 ITR 750 (Telangana)(HC)

S. 220 : Collection and recovery-Assessee deemed in default-Stay-Discretion must be exercised judicial manner.[S.220(6), Art. 226]

CIT (TDS) v. ABP Pvt. Ltd. (2023)458 ITR 74 /150 taxmann.com 436/ 333 CTR 564 (Cal.)(HC)

S. 194H : Deduction at source-Commission or brokerage-Trade discount-Payment by Television Channels or Newspapers-Advertising Agency-Procuring or canvassing for Advertisements-Not commission-Not liable to deduct tax at source. [S. 260A]

CIT v. Navjot Singh Sidhu (2023)458 ITR 446 (P&H)(HC)

S. 158BC : Block assessment-Bonus money and prize money-Cricket Board-Circular withdrawing guidelines for treatment of tour money received by Cricket player cannot be applied retrospectively.[S. 132, 260A]

Saloni Prakash Kumar v. ITO (2023)458 ITR 452 /155 taxmann.com 432/335 CTR 782 (Mad)(HC)

S. 153C : Assessment-Income of any other person-Search-Long term capital gains-Penny stock shares-Matter remanded.[S. 10(38), 132, 147, 148A(b) 148A(d), Art. 226]

Virendra Kumar Chourasia v. ITO (2023)458 ITR 431 (MP)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Reply to initial notice-Assessing Officer directed to proceed after considering reply of assessee. [S. 148, 148A(b) 148A(d), Art. 226]

Satluj Credit And Holdings Pvt. Ltd. v. ITO (2023) 458 ITR 378 / 152 taxmann.com 401 (Mad)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Initial notice need only state issue on basis of which reopening of assessment is proposed-Writ petition is dismissed. [S.2(22)(e), 147 148, 148A(b), 148A(d), Art. 226]

Nitin Nema v. PCIT (2023)458 ITR 690 /155 taxmann.com 276/ 334 CTR 545 (MP)(HC)/Editorial : SLP of Revenue is dismissed , PCCIT . v Nitin Nema (2024)468 ITR 105/ 168 taxmann.com 531 (SC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice after three years-Failure to file the return of income-Gross receipt of sale consideration not income chargeable to tax-Notice and consequential orders are quashed.[S. 2(24), 147, 148A(b), 148A(d), Art. 226]

Midland Microfin Ltd. v. UOI(2023)458 ITR 36 (P&H)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Followed statutory procedure-Alternative remedy-Writ petition dismissed. [S. 148A(b), 148A(d), Art. 226]