Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


ACIT v. Trendsutra Client Services P. Ltd. (2023)453 ITR 219 (SC) Editorial : Trendsutra Client Services P. Ltd v. ACIT (2021) 283 Taxman 558 / (2022) 19 ITR -OL 203 (Bom)(HC)

S. 144B : Faceless Assessment -Failure to serve draft assessment order- Order set aside -Order of High Court affirmed -SLP of Revenue dismissed -Liberty is given to the Revenue to proceed in accordance with the law. [Art. 136, 226]

Add. CIT v. Tatwajnana Vidyapeeth (2023) 453 ITR 217 (SC) Editorial : Tatwajnana Vidyapeeth v. Add. CIT (Bom)(HC) (WP.No. 1275 of 2021 dt. 16-9-2021), affirmed.

S. 144B : Faceless Assessment-Failure to follow procedure-Order declared non-est-liberty is given to the Department to revive the special leave petition in case of difficulty or if the necessity arose. [S. 144B(9), Art. 136, 226]

Dy. CIT v. Abacus Real Estate Pvt. Ltd. (2023) 453 ITR 224 (SC) Editorial: Abacus Real Estate Pvt. Ltd. v. Dy. CIT (2022) 284 Taxman 654 (Bom.)(HC), decision of the Bombay High Court is modified and matter remanded.

S. 144B : Faceless Assessment –Failure to issue show cause notice and draft assessment order —Order of High Court is not erroneous -Judgment modified and matter remanded to Assessing Officer to pass fresh assessment order. [144B(1) (xvib), Art. 132, 226]

Add. CIT v. Parull Isharani (2023) 453 ITR 221 (SC) Editorial: Parull Isharani v. Add.CIT (Bom)(HC), (W.P. (L) No. 13138 of 2021 dt 13 -9 -2021), Department was allowed to file the Review petition before High Court.

S. 144B : Faceless Assessment-Failure to serve draft assessment order -Department was allowed to file Review Petition before High Court to consider effect of omission of Section 144B(9) with effect from 1-4-2021. [S. 144B(9), Art. 136, Art. 226]

Add. CIT v. Multiplier Brand Solutions Pvt. Ltd. (2023) 453 ITR 233/ 332 CTR 211 (SC) Editorial : Multiplier Brand Solutions Pvt. Ltd. v. ACIT (2022) 442 ITR 202 (Bom)(HC), order of High Court is modified and matter remanded to the Assessing Officer.

S. 144B : Faceless Assessment –Failure to issue notice and draft assessment order – Judgment modified and matter remanded to Assessing Officer. [144B(1) (xvib), Art,136, 226]

Hillwood Furniture Pvt. Ltd. v. CIT (2023) 453 ITR 749 (SC) Editorial : Hillwood Furniture Pvt. Ltd. v. CIT (2023) 21 ITR-OL 634 (Ker)(HC)

S. 133A : Power of survey -Residential premises -Held to be valid -SLP of assessee is dismissed. [S. 260A, Art. 136]

Yogeshbhai Chandrakant Pala v. ITO (2023)453 ITR 263 / 292 Taxman 370 (Guj)(HC)

S. 132B : Application of seized or requisitioned assets -Failure to deal with application for release of seized articles -Direction by High Court to consider application. [S. 132, Art. 226]

PCIT v. Sanjay Chhabra (2023)453 ITR 516 (Raj)(HC)

S. 132(4) : Search and seizure – Statement on oath-Undisclosed investment-Retraction of statement-Opportunity of cross-examination was not given – Merely on the basis of statement addition is not justified. [S. 69, 132, 260A]

Kamal Nath v. PCIT (NO. 2) (2023)453 ITR 588/ 291 Taxman 532/ 330 CTR 345/ 221 DTR 313 (Cal)(HC)

S. 127 : Power to transfer cases -Kolkata to Delhi – Opportunity of hearing was given – Transfer for purposes of Co-Ordinated and detailed Investigation -Order of transfer was valid. [S. 127 (2), 132, 133A, Art. 226]

Kamal Nath v. PCIT (NO. 1) (2023)453 ITR 583 (Cal) (HC)

S. 127 : Power to transfer cases -Kolkata to Delhi -Natural justice – Failure to give an opportunity -Order was set aside.[S. 127(2), 132, 133A, Art, 226]