Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Deepak Steel and Power Ltd. v. CBDT (2025) 476 ITR 369 /305 Taxman 169 (SC) Editorial : Decision of Orissa High Court reversed, Deepak Steel and Power Ltd. v. CBDT (WP Nos. 2446 of 2023, 2543 of 2023 dt 1-2-2023

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-High Court holding writ will not lie and grievances on merits to be agitated by assessees in reassessment proceedings before Assessing Officer-Supreme Court Concession of Department before Supreme Court in UOI v. Rajeev Bansal (2024) 469 ITR 46(SC) that all notices issued on or after 1-4-2021 would have to be dropped as they would not fall for completion during period prescribed under Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020-Notices dated 25-6-2021 quashed.[S. 147, 148, 148A(b), (d) Art, 226.]

Chaturbhuj Gattani v. ITO (2025) 476 ITR 155 / 305 Taxman 1 (SC) Editorial : Chaturbhuj Gattani v. ITO, (2024) 468 ITR 295/336 CTR 369/233 DTR 457 (Raj)(HC) Saroj Gattani v. ITO (2024)468 ITR 295/336 CTR 369/233 DTR 457 (Raj)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Pendency of appeal-SLP of assessee dismissed.[S. 148A(b), 148A(d), Art. 136]

Add. CIT v Anantha Reddy Pannala (2025) 476 ITR 6 /305 Taxman 565 (SC) Editorial : Kalyan Chillara v. Dy. CIT, (2024) 465 ITR 729 /341 CTR 418 /242 DTR 438 /167 taxmann. com 500 (Telangana)(HC)

S. 148 : Reassessment-Notice-Limitation-Last date for issue of notice expiring on 31-3-2021-High Court holding notices dated 31-3-2021 had left Income-tax Business Application portal on or after 1-4-2021-Order was barred by limitation-SLP of revenue was dismissed. [S. 147,149, Art. 136]

VIP Housing and Properties v. Dy. CIT (2025) 476 ITR 529 /172 taxmann.com 306 (Mad)(HC)

S. 147: Reassessment-Change of opinion-Search-No tangible material-Discovery of cash-Reassessment notice and order disposing the objection was quashed.[S. 132, 147, 148, 153A, Art. 226]

Nimesh Maheshbhai Shah (HUF) v. ITO (2025) 476 ITR 236/171 taxmann.com 24 (Guj)(HC)

S. 147 : Reassessment-Capital gains-Borrowed satisfaction-Notice and order rejecting assessee’s objections set aside.[S. 10(38),45, 148, Art. 226]

Vishal Garg. v. ACIT (2025) 476 ITR 178 (P & H) (HC)

S. 147: Reassessment-Jurisdiction-Power to call information-Commission receipt-Incorrect assumption-Non-application of mind by Assessing Officer-Electronic system failure to record reply would not justify initiation of reassessment-Notices quashed and reassessment proceedings vitiated.[S. 133(6), 148 Art. 226]

Raajratna Stockholdings Pvt. Ltd. v. ACIT (2025) 476 ITR 228 /170 taxmann.com 473 (Guj)(HC)

S.147: Reassessment-After the expiry of four years-No failure to disclose all material facts-Borrowed satisfaction-Notice and order disposing the objection was quashed. [S. 143(3), 148, Art. 226]

Citadel Fine Pharmaceuticals Ltd v. Dy. CIT (2025) 476 ITR 193 /173 taxmann.com 142 (Mad)(HC) Editorial : Decision of single judge in Citadel Fine Pharmaceuticals Ltd v. Dy. CIT(Mad)(HC)(SJ)(W.P.Nos. 36522 and 35630 of 2016 dt. 22-4-2021,) reversed.

S.147: Reassessment-After the expiry of four years-Bad debt-Write-off of bad debt-Not required to be proven-Writ appeal allowed-Reassessment notice and order disposing the objection was quashed. [S. 36(1)(vii), 148,Art. 226]

Dy. CIT v. Gokul Agro Resources Ltd. (2025) 476 ITR 160/304 Taxman 425 (SC) Editorial :Gokul Agro Resources Ltd. v. Dy. CIT (No. 1), (2025) 474 ITR 555 (Guj)(HC)

S. 147 : Reassessment-Exchange, difference or net loss in foreign exchange transaction-Change of opinion-No tangible material-SLP of revenue dismissed, the delay of 181 was not satisfactorily explained and also on merits. [S. 143(3), 148, Form 15CA, Art. 136]

Dy. CIT v. Undercarriage and Tractor Parts Pvt. Ltd(2025) 476 ITR 3/305 Taxman 411 (SC) Editorial : Undercarriage and Tractor Parts Pvt. Ltd. v. DRP [2023] 156 taxmann. com 79/ 335 CTR 974 / (2024) 460 ITR 401 (Bom)(HC)

S. 144C : Reference to dispute resolution panel-Draft assessment order-High Court quashing directions of Dispute Resolution Panel and assessment order passed consequent thereto-SLP of revenue was dismissed.[S. 144C(2), Art. 136]