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Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Nilambur Traders v. CIT(2022)447 ITR 714/ (2023) 155 taxmann.com 194 (Ker)(HC) Editorial: SLP dismissed, Nilambur Traders v. CIT (2023) 295 Taxman 219/ (2024) 460 ITR 3 (SC)

S. 153C : Assessment-Income of any other person-Search-Unexplained expenditure-Addition based on material seized-Order of Tribunal is affirmed. [S. 69C, 260A]

CIT v. Jasjit Singh (2023) 458 ITR 437 /295 Taxman 612/ 334 ITR 937 (SC) CIT v. R.L.Allied Industries (2023) 458 ITR 437 /295 Taxman 612 (SC) CIT v. Raunak Infrastructure Ltd (2023) 458 ITR 437 /295 Taxman 612 (SC) /CIT v. Bhupender Pal Singh Sarna 2023) 458 ITR 437 /295 Taxman 612/ 334 ITR 937 (SC) Editorial : Decision in, CIT v. Jasjit Singh (2023) 155 taxmann.com 154 (Delhi)(HC) affirmed. also refer, SSP Aviation Ltd v. Dy.CIT (2012) 346 ITR 177 (Delhi)(HC)

S. 153C : Assessment-Income of any other person-Period of six years in respect of which returns to be filed by third-party Assessee — Commences from date materials forwarded to Assessing Officer having jurisdiction over third-party assessee. [S. 132]

Rajendra Kumar Sharma v. ITO (2023) 295 Taxman 215 /(2024) 460 ITR 157(SC) Editorial: Rajendra Kumar Sharma v. ITO (2023) 155 taxmann.com 232(2024) 460 ITR 155 (All)(HC)

S. 153C : Assessment-Income of any other person-Delay in filing-Writ-Alternative remedy-Order of High Court is affirmed. [S. 132, Art. 136]

Nilambur Traders v. CIT (2023) 295 Taxman 219 /(2024) 460 ITR 3(SC) Editorial: Nilambur Traders v. CIT(2022)447 ITR 714/ (2023) 155 taxmann.com 194 (Ker)(HC)

S. 153C : Assessment-Income of any other person-Search-Unexplained expenditure-Addition based on material seized-Order of High Court affirmed-SLP is dismissed.[s. 69C, Art. 136]

PCIT v. LKG Builders (P) Ltd (2023) 154 Taxman.com 188 (Delhi) (HC) Editorial: PCIT (Central) v. King Buildcon (P.) Ltd. (2023) 295 Taxman 413 (SC)

S. 153A : Assessment-Search-Non-abated assessment-No incriminating material is found-Order of Tribunal is affirmed. [S. 132,260A]

ACIT v. Saluja Construction Co. Ltd. (2023) 295 Taxman 529 (Delhi)(HC)

S. 153A : Assessment-Search-Assessment attained finality-No incriminating material is found-Order of Tribunal is affirmed. [S. 68, 132,260A]

PCIT (Central) v. Birju Chhotalal Shah (2023) 295 Taxman 357 (Guj.)(HC)

S. 153A : Assessment-Search or requisition-Completed assessment/unabated assessment-No incriminating material is found-Deletion of addition by the Tribunal is affirmed. [S. 132]

PCIT (Central) v. King Buildcon (P.) Ltd. (2023) 295 Taxman 413 (SC) Editorial : PCIT v. LKG Builders (P) Ltd (2023) 154 Taxman.com 188 (Delhi) (HC)

S. 153A : Assessment-Search-Non-abated assessment-No incriminating material is found-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 132, Art. 136]

Shelf Drilling Ron Tappmeyer Ltd. v. ACIT (IT) (2023) 457 ITR 161 295 Taxman 85/ 334 CTR 11 (Bom.)(HC) Shelf Drilling Offshore Resources Ltd.II v.ACIT(IT) (2023) 457 ITR 161 295 Taxman 85/ 334 CTR 11 (Bom.)(HC) Shelf Drilling Ron Tappmeyer Ltd v ACIT (IT) (2023) 457 ITR 161 295 Taxman 85 / 334 CTR 11 (Bom.)(HC) Shelf Drilling Trident XII v. ACIT v. (IT) (2023) 457 ITR 161 295 Taxman 85 /334 CTR 11 (Bom.)(HC)

S. 153 : Assessment-Reassessment-Limitation-International Transactions — Arm’s Length Price-Direction of DRP-Order giving effect to the order of the Tribunal-Section 144C does not exclude Section 153-Assessment order is barred by limitation — Returns of income filed to be accepted-Interpretation of taxing statutes — Section and sub-section to be read as whole with connected provisions to decipher meaning and intentions. [S. 92CA, 144C(13), 153(3), 153B, Art. 226]

Kartik Sureshchandra Gandhi v. ACIT (2023) 295 Taxman 442 (Bom.)(HC)

S. 151 : Reassessment-Sanction for issue of notice-Non application of mind-Within three years-Sanction is granted by PCIT-Notice and order is bad in law-Issue of digital signature left open. [S. 148, 148A(b), 148A(d), 149(1)(a), 149(1)(b), Art. 226]