Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Gali Janardhana Reddy (2023)454 ITR 467 /152 taxmann.com 332 (Karn)(HC) Editorial : SLP of Revenue is dismissed , PCIT v. Gali Janardhana Reddy (2024) 297 Taxman 62 (SC) (Karn)(HC)

S. 153C : Assessment-Income of any other person-Search-Satisfaction note-Limitation-Where no satisfaction is recorded year of search has to be considered. [S. 132, 153A]

S. M. Kamal Pasha v. Dy. CIT (2023)454 ITR 157 (Karn)(HC)

S. 153A: Assessment-Search-No incriminating material found Assessment completed on date of search-Addition cannot be made. [S. 132]

PCIT v. Abhisar Buildwell P. Ltd. (2023)454 ITR 212/ 293 Taxman 141/ 332 CTR 385/ 225 DTR 105 (SC) Editorial : Refer case laws in the editorial. Editorial : PCIT v. Abhisar Buildwell (P.) Ltd. (2023) 294 Taxman 70/ 332 CTR 729/ 225 DTR 497 (SC), Supreme Court refused to entertain Misc, application filed by Revenue seeking clarification order passed and directed Revenue to file an appropriate review application.

S. 153A : Assessment-Search or requisition-Total income-Completed Assessments remain unabated-No addition permissible for such years in absence of incriminating material having been found in search-Completed or unabated assessments can be reopened under Section 147 or 148 of the Act. [S. 2(45), 131, 132, 132A, 143(1), 143(3), 147, 148,285BA]

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. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years-Sanction of Additional Commissioner-Notice Not Valid-SLP dismissed.[S.144B (1)(xvi), 147, 148, Art. 131]

Anu Gupta v. ITO (2023)454 ITR 785 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Failure to consider replies-Notice and order for issue of notice is set aside-Matter remanded to Assessing Officer. [S. 147, 148, 148A(b). 148A(d), Art. 226]

Absolute Entertainment Pvt. Ltd. v ACIT (2023)454 ITR 655 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Reply of assessee was not considered-Notice was responded-Assessment order and notice of demand was stayed. [S. 142(1), 143(2), 144 144B, 148, 148A(d), Art, 226]

Anurag Gupta v. ITO (2023)454 ITR 326 / 332 CTR 811/ 225 DTR 211 (Bom)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Assessee must be furnished material on the basis of which initial notice was issued-Notice was quashed. [S. 148, 148A(b), 148A(d), Art, 226]

Ajay Gupta (HUF) v. ITO (2023)454 ITR 787 (Delhi)(HC) Rajiv Gupta (HUF) v. ITO (2023)454 ITR 787 (Delhi)(HC) Editorial : SLP of assessee dismissed, Ajay Gupta v. ITO (2023)454 ITR 794(SC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Accommodation entries-Accepted by assessee-Information from Investigation Wing-Alternative remedy-Writ petition was dismissed. [S. 147, 148, 148A(d), Art. 226]

Ajay Gupta v. ITO (2023)454 ITR 794 / 294 Taxman 3 (SC) Editorial : Refer, Ajay Gupta (HUF) v. ITO (2023) 454 ITR 787 / 147 taxmann.com 277 (Delhi)(HC), Rajiv Gupta (HUF) v. ITO (2023)454 ITR 787 / 147 taxmann.com 277 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Accommodation entries-Accepted by assessee-Information from Investigation Wing-Alternative remedy-SLP against the dismissal of writ petition was dismissed [S. 147, 148, 148A(d), Art.136, 226]

Virtusa Consulting Services Pvt. Ltd. v. UOI (2023)454 ITR 363 (Telangana)(HC)

S. 148 : Reassessment-Notice-Amalgamation-Merger-Knowledge of department-Notice against non-existent assessee is unsustainable.[S. 147, Art. 226]