Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


HSBC Holdings Plc. v. Dy. CIT (2023)457 ITR 316/ 150 taxmann.com 221/ 335 CTR 427 (Telangana)(HC)

S. 147 : Reassessment-Reassessment based on materials discovered in the assessment year 2014-15-Alternative remedy-Writ petition is dismissed. [S.92CA, 144C, 148,151, Art. 226]

PCIT v. Badal Prakash Jindal (HUF) (2023)457 ITR 345/293 Taxman 350/ 334 CTR 164 (Orisa)(HC) PCIT v. Binoy Kumar Jindal (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC) PCIT v. Binoy Kumar Jindal (HUF) (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC) PCIT v. Bulbul Agarwal (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC)

S. 147 : Reassessment-Accommodation entries-Long term capital gains-Difference between reasons for issue of notice recorded and given to assessee-Order of Tribunal quashing the reassessment notice is affirmed.[S. 10(38, 45, 148, 260A 263]

Vijay Ramanlal Sanghvi v. ACIT (2023)457 ITR 791 /146 taxmann.com 55 (Guj)(HC)

S. 147 : Reassessment-After the expiry of four years-Accommodation entries-No failure to disclose material facts-Notice and order disposing the objection is quashed.[S. 148, Art.226]

AIM Fincon Pvt. Ltd. v. ACIT (2023)457 ITR 737 (Guj)(HC). Editorial : Asst. CIT v. AIM Fincon Pvt. Ltd. (2024)468 ITR 110 (SC), SLP of Revenue is dismissed as the delay of 429 days in filing SLP are neither satisfactory nor sufficient .

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. 148, Art. 226]

Sun Glory Education Foundation v. NFAC(2023)457 ITR 771/156 taxmann.com 390 (Guj)(HC)

S. 144B : Faceless Assessment-Principle of natural justice-Must be given an opportunity of being heard. [S. 143(3),144B(1)(xi))(b), 144B(9), Art. 226]

Riddhi Steel and Tube Ltd. v NFAC(2022) 145 taxmann.com 542 /(2023)457 ITR 105 (Guj)(HC)

S. 144B : Faceless Assessment-Principle of natural justice-Variation proposed in draft assessment order-Must be given an opportunity to be heard. [S. 144B(7), 144B(1)(xvi), Art. 226]

Rajubhai Bababhai Desai v. NFAC (2023)457 ITR 639 (Guj)(HC)

S. 144B : Faceless Assessment-Principle of natural justice-Order passed without giving an opportunity of hearing-Order is set aside. [S. 144B(9)]

MAP Refoils India Ltd. v. NEAC (2023)457 ITR 618 / 330 CTR 303 /155 taxmann.com 663 (Guj)(HC)

S. 144B : Faceless Assessment-Request for personal hearing-Must be given opportunity of personal hearing.[S,144B(7), Art. 226]

Doddaguli Kenche Gowda Raju v. ACIT (2023)457 ITR 430 (Karn)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-Order passed without giving an opportunity-Order is set aside.[S.58, 115BBE, Art. 226]

B. Ramamoorthy v. ACIT (2023)457 ITR 544 / 293 Taxman 67/ 334 CTR 326 (Mad)(HC) Editorial : Order of single judge is affirmed, B. Ramamoorthy v. ACIT ( 2023) 334 CTR 330(Mad)(HC), (WPNO. 2810 of 2020 dt. 13-9-2022)

S. 144 : Best judgment assessment-Question of fact-Alternate remedy-High court cannot investigate into facts-Writ petition is dismissed. [S. 153, Art. 226]