Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


GSP Piling Constructions (P.) Ltd. v ACIT (No 2) (2023) 156 taxmann.com 665 (2024) 461 ITR 59 / 296 Taxman 524(Cal)(HC)/GSP Piling Constructions (P.) Ltd. v ACIT (No 1)(2024) 461 ITR 45 ( Cal)( HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Mere failure to file reply cannot be the ground to issue notice u/s 148-Even in ex-parte order, the authority has to record reasons for coming to a conclusion as to why the case has been taken out for re-opening of the assessment-Matter restored to the Assessing Officer to the stage of notice u/s. 148A(b) of the Act. [S. 148, 148A(b), 148A(d) Art. 226]

Gubbi Chandananda Jagadeesh v. NFAC (2024) 461 ITR 10 (Karn)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Violation of principles of natural justice-Notice and order is quashed-The Assessing Officer may proceed to issue notice as per law by providing a reasonable opportunity of hearing to the assessee [S. 148A(b), 148A(d), Art. 226]

Shyam Sundar Dhanuka v. UOI (2023) 156 taxmann.com 499 (2024) 461 ITR 25 (Cal)(HC) Editorial : Shyam Sundar Dhanuka v. UOI (2024) 461 ITR 22 (Cal)(HC), Order of single judge.

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Disputed question of facts-Beneficiaries of cash transactions-Writ petition is dismissed.[S.69C,132, 148A(b) 148A(d), 269D, 269SS, Art. 226]

Lakhendra Kumar Raushan Lakhendra Kumar Roushan v. PCIT (2024) 296 Taxman 526 /336 CTR 186/ 467 ITR 549(Patna)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained investments-Notice not disclosing the additions to be made-Matter remanded.[S. 69A, 148A(b), 148A(d), Art. 226]

Nitin Agarwal v. ITO (No. 2) [2023] 157 taxmann.com 35 / (2024) 460 ITR 323 (Cal) (HC)Editorial : Refer order of single judge , Nitin Agarwal v. ITO (NO. 1) (2024)460 ITR 321 (Cal)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained expenditure-Bogus purchases)-No opportunity of personal hearing granted-Violation of principle of natural justice-Matter remanded-The assessee is directed to file objections with supportive documents. [S. 148A(b) 148A(d), Art. 226]

Sidhbali Kripa Enterprises v. ITO (2024) 296 Taxman 32 (All) (HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Advanced loans-Alternative remedy-Writ petition is dismissed. [S. 131(IA), 148A(b), 148A(d), Art. 226]

Shyam Sundar Dhanuka v. UOI (2023) 156 taxmann.com 499 /(2024) 461 ITR 25 (Cal)(HC) Editorial :Order of single Judge is affirmed Shyam Sundar Dhanuka v. ITO (2024)461 ITR 22 (Cal)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternative remedy-The High Court dismissed the writ filed by the assessee against the assessment order with direction to avail alternative available under the Act as the assessee had failed to point out any procedural irregularity or illegality in the proceedings.[S. 148A(b), 148A(d), Art. 226]

Devendra v. Add CIT (2023) 294 Taxman 550 / 335 CTR 1057/(2024) 461 ITR 463 (Bom)(HC)

S. 148 : Reassessment-Notice-Notice issued in the name of dead person-Not enforceable in the eyes of law-The legal heirs are under no statutory obligation to intimate the death of the assessee to the department-Requirement of issuing notice to a correct person is not a merely a procedure requirement but is a condition precedent the impugned notice being valid in law-Notice is held to be null and void.[S. 10(37) 144. 147, 292BB, Art. 226

Adani Power Rajasthan Ltd. v. Asst. CIT (2023) 150 taxmann.com 136 / (2024) 461 ITR 210 (Guj)(HC)

S. 147 : Reassessment-Audit objection-Corporate Social responsibility-Reopening of assessment on perusal of the records available during the course of assessment proceedings-Amounts to change of opinion-Reassessment notice and order disposing the objection is quashed. [S. 37(1), 148, Art. 226]

Paresh Babubhai Bahalani v. ITO (2024) 296 Taxman 324 /463 ITR 103 (Guj)(HC)

S. 147 : Reassessment-With in four years-Undisclosed investment-Not recording of independent satisfaction-Reassessment notice and order disposing the objection is quashed [S.69B, 148, Art. 226]