Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Bellamane Narayan Shridhar v. NFAC (2024) 298 Taxman 74 (Karn)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Income below taxable income-In active email-Principe of natural justice-Notice and order is quashed-The matter is remitted back to the Assessing Officer for reconsideration afresh in accordance with law. [S. 143(3), 148, 148A(b), 148A(d), Art. 226]

Teleperformance Global Service (P.) Ltd. v. ACIT (2024) 298 Taxman 769 (Bom.)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Typographical error-Sanction for issue of notice-Principal commissioner-Non application of mind-[S. 148 148A(b), 148A(d), 151, Art. 226]

FIVES India Engineering & Projects (P.) Ltd. v. ITO (2024) 298 Taxman 762 / 464 ITR 760/338 CTR 953 (Mad.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-More than three years from end of relevant assessment year after obtaining approval from Chief Commissioner-Chief Commissioner was not a specified authority under clause (ii) of section 151-Reassessment notice and order disposing the objection is quashed. [S. 148, 148A(b), 148A(d), 151(ii), 195, Art. 226]

Sumathi Janardhana Kurup v. ITO (2024) 298 Taxman 502 (Bom.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained investments-On money payment for purchase of a flat-Search on builder-No material-Notice and order disposing the objection is quashed and set a side. [S. 148, 148A(b), 148A(d), Art. 226]

Banas Finance Ltd. v. ACIT (2024) 298 Taxman 395 (Bom.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Penny stock-Fictitious loss-Cash credits-Notice and order is quashed.[S. 148, 148A(b), 148A(d), Art. 226]

Kalpita Arun Lanjekar v. ITO (2024) 298 Taxman 626 (Bom.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-House wife-Property purchased by husband-Joint holder-Reassessment notice and order disposing the objection is quashed. [S.69B, 148, 148(A)(b), 148A(d), Art. 226]

Vijay Steel Traders v. ACIT (2024) 298 Taxman 758 (Bom.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash credits-Accommodation entries-Order is quashed and set aside-Directed to pass a speaking order. [S. 68, 143(1), 148A(b), 148A(d), Art. 226

Sree Narayana Guru Memorial Educational and Cultural Trust v. ACIT (2024) 298 Taxman 483 (Ker.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Corpus donation-Revenue audit objection-Reopening is justified-Writ petition is dismissed. [S. 11, 143(3) 148, 148A(b), 148A(d), Art. 226]

Venkataramachettiar Manoharan v. ITO (2024) 298 Taxman 19 / 465 ITR 755 (Mad.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains-Full value of consideration-Stamp valuation-Directed to file proper reply.[S. 148, 148A(b), 148A(d), Art. 226]

Mira Bhavin Mehta v. ITO (2024) 298 Taxman 460 / 464 ITR 778 (Bom.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains-Change of opinion-Reassessment notice and order disposing the objection is quashed.[S. 148, 148A(b), 148A(d), Art. 226]