Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Dinakara Suvarna v. Dy. CIT (2023) 454 ITR 21 (Karn)(HC) Editorial: SLP of Revenue is dismissed, Dy. CIT v. Dinakara Suvarn (2023) 454 ITR 27 (SC)

S. 147 : Reassessment-Unexplained investments-Search and Seizure-Survey-Statement in the course of survey is not conclusive evidence-Assessment of third person-Reassessment order was quashed. [S. 69B, 132, 143), 148, 153C]

Adani Power Maharashtra Ltd. v. ACIT (2023)454 ITR 720 (Guj)(HC) Adani Power Rajasthan Ltd v. ACIT (2023)454 ITR 734/ 292 Taxman 475 (Guj)(HC)

S. 147 : Reassessment-Within four years-Audit objection-Question of law-Notice and order disposing the objection was quashed. [S. 148, Art, 226]

Rampal Samdani v. UOI, NEAC (2023)454 ITR 380/330 CTR 672/222 DTR 137 /148 taxmann.com 114 (Raj)(HC)

S.147: Reassessment-After the expiry of four years-No new tangible material-Change of opinion-Impermissible-Notice and all subsequent Proceedings are quashed. [S. 148, Art. 226]

Anil Raj Tuli v. ITO(NFAC) (2023)454 ITR 411/ 330 CTR 582/ 221 DTR 390 (Orissa)(HC)

S. 147 : Reassessment-After the expiry of four years-No new material and no evidence of non-disclosure of facts-Notice and order disposing the objection was quashed. [S. 148, Art. 226]

Dy. CIT v. Dinakara Suvarna (2023)454 ITR 27/ 293 Taxman 687 (SC) Editorial : Dinakara Suvarna v. Dy. CIT (2023) 254 ITR 21 (Karn)(HC), affirmed.

S. 147 : Reassessment-Unexplained investments-Search and Seizure-Tribunal setting aside additions-SLP of Revenue is dismissed. [S. 69B, 148, 153C, Art. 136]

Sundaresan Suresh Kumar v. Asst. Unit.(2023)454 ITR 454 (Mad)(HC)

S. 144B : Faceless Assessment-Variation in income-Violation of Principles of natural Justice-Order set aside. [Art. 226]

Shubhank Garg v. ITO (2023)454 ITR 107 / 293 Taxman 97 (Delhi)(HC)

S. 144B : Faceless Assessment–Draft assessment-Opportunity of personal hearing not granted-Assessment order is seta side. [S. 144B(6)(vii), 144B(6)(viii), Art. 226]

Magadh Sugar and Energy Ltd. v. NFAC(2023)454 ITR 405/ 291 Taxman 402 / 334 CTR 384(Cal)(HC)

S. 144B : Faceless Assessment-Variations in income returned-Notice must be issued-Existence of alternate remedy-Not an absolute bar for issue of writ. [S. 144B(1)(xii)(b), Art. 226]

ITO v. Rinku R. Rai (2023)454 ITR 35/ 293 Taxman 689 (SC) Editorial: Rinku R. Rai v. ITO (2023) 454 ITR 33(Bom)(HC)

S. 144B : Faceless Assessment-Draft assessment order-Failure to serve copy of draft assessment order-Assessment invalid-SLP of Revenue is dismissed. [S. 144B(1)(xvi) Art. 136]

Manishkumar Tulsidas Kaneriya v. ACIT (2023)454 ITR 153 / 293 Taxman 127 (Guj)(HC)

S. 144 : Best judgment assessment-Order passed without giving an opportunity to be heard-Violation of principles of natural justice-Order is not valid [S. 142(1), 153, Art. 226]