Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Devendra (legal heir of Vasudeo Damduji Jambhulkar) v. Addl. Jt. CIT [2024] 461 ITR 463 (Bom)(HC)

S. 148 : Reassessment-Notice-Notice issued in the name of deceased-Not enforceable in law-legal heirs submitted proof of death of assessee-Notice is null and void. [S. 147, 292BB, Art.226]

Pravinchandra A Shah v. UOI [2024] 461 ITR 307/[2023] 154 taxmann.com 616 (Guj)(HC)

S. 148 : Reassessment-Notice-Dead Person-Notice in the name of deceased assessee-Intimation by the legal heir to the Assessing Officer informing the notice is dead-Second notice in the name of legal heir-Reassessment order in the name of deceased is not curable defects-Notice and order is quashed.[S. 147, 292B 292BB, Art. 226]

ITO v. Abhishek Caplease Pvt. Ltd. (2024)461 ITR 263 /298 Taxman 449 (SC) Editor : Abhishek Caplease Pvt. Ltd v. ITO (2024) 461 ITR 261 (Guj)(HC)

S. 148 : Reassessment- Notice- Amalgamation-Intimated to Assessing Officer-Notice issued to non-existent company is unsustainable- Special Leave Petition dismissed.[S. 147, Art.136]

FCB Interface Communications Pvt. Ltd. v. ACIT [2024] 461 ITR 406 (P&H)(HC)

S. 147 : Reassessment-After the expiry of four years-Depreciation-No failure to disclose material facts necessary for assessment-Notice and order disposing the objection is quashed. [S. 32, 148, Art. 226]

FCB Interface Communications Pvt. Ltd. v. ACIT [2024] 461 ITR 406 (P&H)(HC)

S. 147 : Reassessment-After the expiry of four years-Depreciation-No failure to disclose material facts necessary for assessment-Notice and order disposing the objection is quashed. [S. 32, 148, Art. 226]

Prabhat Properties Pvt. Ltd. v. ACIT (2024)461 ITR 390 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-Accommodation entries-Internal information-No live link between material and belief- Change of opinion-Reassessment notice and order disposing the objection is quashed.[S. 143(3), 148, Art. 226, Evidence Act, 1872, S.103]

Ashraf Chitalwala v. Dy. CIT (2023)295 Taxman 174/ [2024] 461 ITR 235 (Bom HC)

S. 147 : Reassessment-After the expiry of four years-No failure on the part of assessee to disclose fully and truly all material facts-Notice and order disposing the objection is set aside. [S. 54, 54F, 148, Art. 226]

CitiusTech Healthcare Technology v. Dy. CIT [2024] 461 ITR 249 (Bom) (HC)

S. 147 : Reassessment-After the expiry of four years-No failure on the part of the assessee to disclose fully and truly all material facts-Notice and order disposing the objection is quashed and set aside [S.10AA, 148, Form No 56F, Art.226]

ACIT v. Sabh Infrastructure Ltd. (2024) 461 ITR 339 / 297 Taxman 374 (SC) Editorial : SABH Infrastructure Ltd. v. ACIT (2017) 398 ITR 198 / (2018) 99 taxamnn.com 409 (Delhi)(HC)

S. 147 : Reassessment-After the expiry of four years-No new information-Disclosed all material facts fully and truly- Allegation of paper companies-Order of High Court is affirmed-SLP of Revenue is dismissed. [S. 148, Art.136]

Mangalam Publications v CIT (2024)461 ITR 159 / 297 Taxman 537 /336 CTR 657 (SC) Editorial : CIT v. Mangalam Publications (2010) 323 ITR 6 (Ker)(HC), CIT v. Biju Varghees (2010) 323 ITR 36 (Ker) (HC), reversed.

S. 147 : Reassessment-After the expiry of four years-Full and true disclosure-Change of opinion-Books seized not returned-Unable to draw balance-sheet-Subsequently drawing the balance sheet-Assessment under section 143(3) of the Act-Return not treated as defective-Subsequent subjective analysis of Assessing Officer that income of assessee was much higher than that assessed- Change of opinion- Reassessments are not justified-Once primary facts disclosed by assessee, burden shifts to Assessing Officer-Defective return-Burden on Assessing Officer to intimate defect to Assessee for rectification within time specified- Assessing Officer not exercising discretion- Return cannot be construed as defective burden on Assessing Officer to intimate defect to Assessee for rectification within time specified. [S. 139(9)(f), 145(1) 147, 149(1)(b)(iii)]