Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Ramasamy Sathyan v. ACIT (2024) 230 TTJ 889 / 240 DTR 377 /38 NYPTTJ 793 / 163 taxmann.com 519 (Chennai)(Trib)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Unsigned assessment and non-service of order-Physical copy was signed-Up loaded unsigned copy-Revision is valid.[S. 143(3), 153C]

ITO v. Shalini Gupta (2024) 230 TTJ 403 / 239 DTR 123 / 38 NYPTTJ 657 (Delhi)(Trib)

S. 250 : Appeal-Commissioner (Appeals)-Procedure-Territorial jurisdiction of CIT(A)-Appeal filed before non-jurisdictional CIT(A)-Order by the CIT(A) CIT(A), Noida is set aside and the matter is remanded to the CIT(A), Ghaziabad to adjudicate the appeal afresh in accordance with law. [S. 246A]

Ajit Chandrashekar Dighe v. CIT (2024) 230 TTJ 766 / 238 DTR 30 / 38 NYPTTJ 412 / 167 taxmann.com 529 (Mum)(Trib)

S. 199 : Deduction at source-Credit for tax deducted-Salary-Matter remanded to the file of CIT(A) for verification. [S. 192, Form no 26AS]

Shri Digambar Jain Mandir Trust v. ACIT (2024) 230 TTJ 1 (UO (Jodhpur) (Trib)

S. 164 : Representative assessees-Charge of tax-Beneficiaries unknown-Trust-Maximum marginal rate-Temple-Income from charity received from devotees coming to the temple and interest on bank deposits-Beneficiaries are general public-Revenue Department website also advises that the tax rate of the trust is as applicable to the individual-The tax rate as specified in S. 164(2) will apply to the AOP/Individual and the initial exemption is also available [S.2(37), 12A,164(1) 164 (2)]

Syed Gulam Mohiuddin v. ITO (IT) (2024) 230 TTJ 956 / 38 NYPTTJ 716/ 163 taxmann.com 234 (Hyd)(Trib)

S. 153 : Assessment-Reassessment-Limitation-Non-resident-The assessment was made as per the procedure laid down in S. 144C-No reference was made under S. 92CA(1)-Time-limit for completing the assessment under S. 147 was available upto 31st March, 2022-The final assessment order passed by the AO under s. 144 r/w s. 144C, dt. 12th Jan., 2023-Barred by limitation. [S.92CA, 144, 144C,147, 148 153(2)]

ACIT v. Suntok Tea Co. (2024) 230 TTJ 681 / 241 DTR 204 / 38 NYPTTJ 836 (Guwahati) (Trib)

S. 153C : Assessment-Income of any other person-Search-Satisfaction note-Neither reference to the date of search nor description of the nature of documents seized-Assessment order is invalid-No incriminating material was found-Addition is deleted. [S. 132]

Goldiam International Ltd. v. DCIT (2024) 230 TTJ 1 / 238 DTR 33 / 38 NYPTTJ 411 (Mum)(Trib) Goldiam Jewelry v. Dy.CIT v. DCIT (2024) 230 TTJ 1 / 238 DTR 33 / 38 NYPTTJ 411 (Mum)(Trib) Editorial: Refer, UOI v. Rajeev Bansal (2024) 301 Taxman 238 / (2024) 469 ITR 46 (SC)

S. 151 : Reassessment-Sanction for issue of notice-More than three years from the relevant assessment year-Sanction for the order under s. 148A(d) was obtained from Principal CIT and not Principal Chief CIT-Reassessment proceedings are quashed [S. 147 148, 148A(b), 148A(d)]

Prashant Vithoba Navale v.Dy.CIT (2024) 230 TTJ 341 / 240 DTR 145 / 38 NYPTTJ 664 (Pune) (Trib) Sadashiv Nivruti Navale v. Dy.CIT (2024) 230 TTJ 341 / 240 DTR 145 / 38 NYPTTJ 664 (Pune) (Trib)

S. 147 : Reassessment-Cash deposits-Search-Salary-Investigation-Reassessment is valid-Unexplained cash-Source is not explained-Addition is affirmed. [S.68,69A, 132, 148]

Manish Rajnarain Goswami v. ITO (2024) 230 TTJ 911 / 240 DTR 169 / 38 NYPTTJ 484 (Mum)(Trib)

S. 147: Reassessment-Cash deposit-No mentioning of name of asseessee in Investigation report-Objection not fully disposed of-Reassessment is quashed. [S.68,133(6), 148]

Jainco Transmission Ltd. v. DCIT (2024) 230 TTJ 769 / 239 DTR 225 / 38 NYPTTJ 738 (Kol)(Trib)

S. 147 : Reassessment-Non application of mind-Shell companies-Web site of the Income-tax portal-Re produced information without cross verification-The reopening of assessment is quashed.[S. 148]