Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Soumya Girdhari Agrawal v. ITO (2023)457 ITR 636 (Bom)(HC)

S. 148 : Reassessment-After the expiry of four years–Notice-Sanction-Notice issued with approval of Joint Commissioner is not valid. [S. 147, 151, Art. 226]

Johnson and Jonson Pvt. Ltd. v Dy. CIT (2023)457 ITR 629 (Bom)(HC)

S. 148 : Reassessment-Notice-After the expiry of four years-Sanction taken from Additional Commissioner-Not valid-Notice and order is quashed-Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020. [S. 147, 151(1), 151(2), Art. 226]

Gauriputra Estate Holders Pvt. Ltd. v. UOI (2023)457 ITR 691 (Guj)(HC)

S. 148 : Reassessment-Notice-Amalgamation-Intimated to the Assessing Officer-Notice issued to non-existent company-Notice is quashed.[S. 147, Art.226]

Equitable Financial Consultancy Services Pvt. Ltd. v. ITO (2023)457 ITR 644 (Bom)(HC)

S. 148 : Reassessment-Notice-After the expiry of four years-Sanction-Limitation-Approval by additional commissioner is not valid-Approval ought to be given by Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner-Notice is quashed-Provisions of Relaxation Act is applicable only cases expiring on 31-3 20200-Limitation expiring on 31-3 2022-Provisions of Relaxation Act is not applicable-[S. 147, 148 151(1), 151(2), Art.226]

DCW Ltd. v. ACIT (2023)457 ITR 632 (Bom)(HC)

S. 148 : Reassessment-Notice-After the expiry of four years-Sanction of Joint Commissioner-Notice and consequent proceedings invalid. [S. 151, Art. 226]

Cluster Overseas Pvt. Ltd. v.. ITO (2023)457 ITR 422/ 146 taxmann.com 50 (Delhi)(HC)

S. 148 : Reassessment-Notice-Order passed ignoring stay order of High Court-Order is held to be not valid.[S. 147, Art. 226]

HSBC Holdings Plc. v. Dy. CIT (2023)457 ITR 316/ 150 taxmann.com 221/ 335 CTR 427 (Telangana)(HC)

S. 147 : Reassessment-Reassessment based on materials discovered in the assessment year 2014-15-Alternative remedy-Writ petition is dismissed. [S.92CA, 144C, 148,151, Art. 226]

PCIT v. Badal Prakash Jindal (HUF) (2023)457 ITR 345/293 Taxman 350/ 334 CTR 164 (Orisa)(HC) PCIT v. Binoy Kumar Jindal (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC) PCIT v. Binoy Kumar Jindal (HUF) (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC) PCIT v. Bulbul Agarwal (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC)

S. 147 : Reassessment-Accommodation entries-Long term capital gains-Difference between reasons for issue of notice recorded and given to assessee-Order of Tribunal quashing the reassessment notice is affirmed.[S. 10(38, 45, 148, 260A 263]

Vijay Ramanlal Sanghvi v. ACIT (2023)457 ITR 791 /146 taxmann.com 55 (Guj)(HC)

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

AIM Fincon Pvt. Ltd. v. ACIT (2023)457 ITR 737 (Guj)(HC). Editorial : Asst. CIT v. AIM Fincon Pvt. Ltd. (2024)468 ITR 110 (SC), SLP of Revenue is dismissed as the delay of 429 days in filing SLP are neither satisfactory nor sufficient .

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