Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v.LKG Builders Pvt. Ltd. (2023)455 ITR 520 (Delhi)(HC) Editorial : Affirmed PCIT v.Abhisar Buildwell P. Ltd (2023)454 ITR 212 (SC)

S. 153A : Assessment-Search-Block assessment-Non-abated assessments-No incriminating materials was found-Addition cannot be made. [S. 132]

PCIT v. S. P. Singla Construction Pvt. Ltd. (2023)455 ITR 745/153 taxmann.com 688 (Delhi)(HC)

S. 153A : Assessment-Search-No incriminating material found during search-Assessment finalised prior to search-Addition is not valid.[S.260A]

PCIT v. S. S. Con Build Pvt. Ltd. (2023)455 ITR 506 /293 Taxman 491 (SC) Editorial: PCIT v S. S. Con Build Pvt. Ltd(Delhi)(HC)(ITA No. 57 of 2022 dt 22-3-2022), affirmed.

S. 153A : Assessment-Search-Cash credits-No incriminating materials-SLP of Revenue is dismissed-Order of High Court dismissing the appeal of the Revenue is affirmed. [S. 68, Art. 136]

Vinod Lalwani v.UOI (2023)455 ITR 738/331 CTR 458/ 222 DTR 331 /148 taxmann.com 204 (Chhattisgarh)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Details of information and material relied is not furnished-Matter remanded. [S. 147, 148, 148A(b) 148A(d), Art. 226]

Sunny Rashikbhai Laheri v ITO (2023)455 ITR 35/148 taxmann.com 438 (Guj)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Amendments by Finance Act, 2021-Notice issued on 30-6-2021-Barred by limitation. [S. 147, 148, 148A(b), 148A(d), 149, The Taxation and Other Laws (Relaxation and Amendment of Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, S. 3, Art. 226]

Sumit Jagdishchandra Agrawal v.Dy. CIT (2023)455 ITR 216 /148 taxmann.com 437 (Guj) (HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice-Limitation-Finance Act, 2021-Notice Issued on 30-7-2022-Reopen assessments for 2013-14 and 2014-15-Barred by limitation-The 2020 Act is a secondary legislation-Secondary legislation would not override the principal legislation, the Finance Act, 2021.. [S. 147, 148, 148A(b), 148A(d), 149, 151, Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, S. 3, Art. 226]

Somnath Dealtrade Pvt. Ltd. v. UOI (2023)455 ITR 720 (2022) 143 taxmann.com 71 (Cal)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principle of natural justice-Objections not considered-Notice and order is set aside. [S. 147, 148, 148A(b), 148A(d), Art. 226]

Shashank Garg v.ITO (2023)455 ITR 347 (P&H)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Allegation in respect of inadmissible expense claimed not stated in initial show-cause notice-Show-Cause notice and subsequent order is invalid.[S. 147,148 148A(b), 148A(d), Art. 226]

Prem Chand Markanda Sd College For Women v. ACIT (E) (2023)455 ITR 329/(2023) 334 CTR 582 (P&H)(HC)/Editorial: SLP of Revenue dismissed , Asst. CIT (E) v. Prem Chand Markanda Sd College For Women (2024)460 ITR 495 /297 Taxman 64 (SC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Charitable purpose-Registration-Reassessment proceedings for earlier years cannot be initiated on ground of non-registration. [S.11, 12 12A(2), 147, 148, 148A(b), Art. 226]

Salil Gulati v. ACIT (2023)455 ITR 24/ 150 taxmann.com 49 (Delhi)(HC) Editorial: SLP dismissed, Salil Gulati v. Asst. CIT (2023)455 ITR 29/ 293 Taxman 75 (SC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Extension of time limit for issuance of notice until 30-6-2021-Income escaping beyond 50 lakhs-Notice not barred by limitation. [S. 147, 148, 148A(b), 148A(d),149, Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020, S. 3. Art. 226]