Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Wyeth Ltd. v. ACIT (2023)456 ITR 536 /153 taxmann.com 699 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S. 148,151, Art. 226]

Survival Technologies Pvt. Ltd. v. Dy. CIT (2023)456 ITR 261 /149 taxmann.com 453 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-Reasons recorded not specifying what material was not disclosed-No new information-Change of opinion-Notice and order disposing the objection is quashed. [S. 35(2AB) 148, Art.226]

Rehana Anwar Shaikh v. ITO (2023)456 ITR 720 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Information from Investigation wing-Share transactions-No new tangible material-Change of opinion-Notice and order disposing the objection is quashed. [S. 148, Art. 226]

Aswani Enterprises v. ACIT (2023) 456 ITR 33 /294 Taxman 435 (SC) Editorial : Arising out of order, Aswani Enterprises v. ACIT (2018) 100 taxmann.com 178/ (2019) 417 ITR 223(Mad)(HC)

S. 147 : Reassessment-After the expiry of four years-Deemed dividend-Advances made earlier year-Oder of High Court affirmed-SLP is dismissed. [S. 2(22)(e), 148, Art. 136]

Open Silicon Research Pvt. Ltd. v. NFAC (2023)456 ITR 546 /154 taxmann.com 11/ 335 CTR 108 (Karn)(HC)

S. 144C : Reference to dispute resolution panel-Draft assessment order-Objections filed before Dispute Resolution Panel-Assessing Officer bound to wait for its directions-Matter restored to Assessing Officer. [S. 114C(2)(b)(ii), 144C(13), 144C(15)(b)(i), Art. 226]

Rashmi Lakhotia v. UOI (2023)456 ITR 320 / 330 CTR 648/ 221 DTR 376/148 taxmann.com 157 (Chhattisgarh) (HC)

S. 144B : Faceless Assessment-Violation of principles of natural justice-Failure to provide requested opportunity of personal hearing-Matter remanded to Assessing Officer. [S. 144B(7), Art. 226]

Ankit Kaul v. NFAC(2023)456 ITR 362 (Delhi)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-Failure to file the submission-Technical glitch on E. Portal-Directed to file fresh submission-and pass the order in accordance with law.[S. 144, 147, 148, Art. 226]

Grand Reality Pvt. Ltd. v ACIT (OSD) (2023)456 ITR 709 (Delhi)(HC)

S. 144 : Best judgment assessment-Reassessment-Principles of natural justice-Order passed without giving sufficient time for filing objections-Order is set aside. [S. 147, 148, Art. 226]

Greater Noida Industrial Development Authority v. UOI (2023)456 ITR 202/154 taxmann.com 287 (Delhi)(HC)

S. 143(3) : Assessment-Directed to disposal of application within six weeks-Assessment proceedings are stayed for four weeks. [Art. 226]

CIT v. Sony Mobile Communications India Pvt. Ltd. (2023) 456 ITR 753/150 taxmann.com 145 (Delhi)(HC)

S. 143(3) : Assessment-Merger-Intimated to Department Authorities-Order of assessment on company which had merged and ceased to exist-Order is not valid-Not curable defect. [S. 143(2), 292B]