Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Gangol Vincom (P.) Ltd. (2023) 332 CTR 854 / 225 CTR 262/ 148 taxmann.com 126 /(2024)468 ITR 279 (Orissa)(HC)

S. 153A: Assessment-Search-Cash credits-Furnished all documents and had explained source of credit in its original return,-Deletion of additions by the Tribunal is affirmed. [S.68, 260A]

Prakash Lal Khandelwal v. CIT (2023) 331 CTR 763 / 151 taxmann.com 72 (Jharkhand)(HC)

S. 153 : Assessment-Limitation-Uploading of order on web portal-One day delay in uploading of order or generating DIN would not make assessment order unsustainable in law-Writ petition is dismissed. [S. 68, 153 (3), 282, R. 127 Art. 226]

Laxmi Meena v. UOI (2023) 332 CTR 569/225 DTR 276/(2024) 464 ITR 208 (Raj)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Sale of land-Value was more than what has been disclosed-Writ petition is dismissed.[S. 148A(b), 148A(d), Art. 226]

Chetak Enterprises Ltd. v. ACIT (2023) 332 CTR 316/ 223 DTR 49/(2024) 470 ITR 655(Raj)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Search and seizure-Circular transactions-Artificially inflation of turnover-Order is passed after considering the detailed reply-Writ is dismissed.[S. 148, 148A, Art. 226]

Subodh Agarwal v. State of U.P (2023) 332 CTR 534/233 DTR 441 / 149 taxmann.com 448 (All)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Accommodation entries-No change of opinion-Non-disclosure of primary facts-Audit objection-Can constitute information on basis of which re-assessment proceeding can be initiated.[S. 132A, 147, 148, 148A(b), 148A(d), 153A, 153D, Art. 226]

R.P. Gupta v. CIT. (2023) 332 CTR 213/224 CTR 457(SC) Editorial: From the decision of Allahabad High Court, WP. Nos 887 to 889 of 2018 dt. 25th July, 2018.

S. 148 : Reassessment-Writ-Kar Vivad Samdhan Scheme, 1998 Maintainability-Dismissal of writ petition without reasons order-Order is set aside and High Court is directed to hear and dispose of the writ petitions on their merits expeditiously.[S. 147, Kar Vivad Samdhan Scheme, 1998, Art. 136, 226]

Polaris Financial Technology Ltd. v.Asst. CIT (2023) 332 CTR 351 / 150 taxmann.com 151 (Mad)(HC) Editorial : Polaris Financial Technology Ltd. v.Asst. CIT (WPNo. 31722 of 2017 dt. 13 th March, 2020 is set aside.

S. 147 : Reassessment-With in four years-Employment of new workmen-Matter is remanded back to single judge to examine for want of jurisdiction. [S.80JJAA, 148, Art. 226]

Azim Premji Trustee Co. (P.) Ltd. v Dy. CIT (2023) 331 CTR 173 / 122 DTR 145/ 146 taxmann.com 58 (Karn)(HC)

S.147: Reassessment-After the expiry of four years-Capital gains-Sale of shares-Gift-Income from other sources-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S. 56(2)(vii)(c), 148, Art. 226]

Kalinga Institute of Industrial Technology v. CIT (2023) 330 CTR 579 / 221 DTR 387 (Orissa)(HC)

S. 147 : Reassessment-After the expiry of four years-Material already on the record-Referred in the Audit report-Reassessment notice and order disposing the objection is quashed.[S. 148, Art. 226

Kostal India (P) Ltd. v. DRP (2023) 331 CTR 95/ 222 DTR 328 (Mad)(HC)

S. 144C : Reference to dispute resolution panel-Opportunity of being heard was provided-Failure to produce documents-Alternative remedy-Writ petition is dismissed. [S. 143(3), 144C(11), Art. 226]