Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Thirdware Solution Ltd. v. DCIT [2023] 146 taxmann.com 364 (Bom)(HC)/Editorial : Notice is issued in SLP filed by the Revenue, Dy. CIT v. Thirdware Solution Ltd. (2024) 297 Taxman 8 (SC)

S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years – Satisfaction recorded by Joint Commissioner–Notice and order disposing the objection was quashed. [S. 147, 148, Art. 226]

HSTN Acquisition (FII) Ltd. v. DCIT [2023] 147 taxmann.com 226 / 330 CTR 453 (Bom.)(HC)

S. 148A : Reassessment – Conducting inquiry, providing opportunity before issue of notice – Jurisdiction – Part of cause of action had accrued within territorial jurisdiction of Bombay High Court – Bombay High Court has the jurisdiction to entertain the Writ petition- Interim relief was granted. [S. 148, 148A(b), 148A(d), Art. 226]

Prakash Krishnavtar Bhardwaj v. ITO (2023) 451 ITR 27 / 331 CTR 64 / 150 taxmann.com 60 / 293 Taxman 132 (Bom)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice – After three years from the end of relevant assessment year – Service of notice without the signature of Assessing Officer digitally or manually-Notice invalid – Order and notice was quashed and set aside. [S. 147, 148, 148A(b), 148A(d), Art. 14, 226]

Prakash Tatoba Toraskar v. ITO (2023) 452 ITR 59 / 151 taxmann.com 366 (Bom.)(HC)

S. 148A : Reassessment – Conducting inquiry, providing opportunity before issue of notice – Notice issued in name of deceased assessee- Notice and order quashed and set aside. [S. 147, 148, 148A(b), 148A(d), Art. 226]

Anurag Gupta v. ITO [2023] 150 taxmann.com 99 / 454 ITR 326 / 332 CTR 811 (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. 69C, 148, 148A(b), 148A(d), Art. 226]

Bhavna Steel v. ITO [2023] 152 taxmann.com 218 / 454 ITR 670/ 335 CTR 1074 (Bom)(HC)

S. 148 : Reassessment-Notice-Two Permanent Account Numbers —Earlier Permanent Account Number was abended – Notices issued in earlier Permanent Account Number not responded – [ 144, 147, 148, 156, 271B, 271F, 274, Art. 226]

Rajesh Poddar v. ITO ( 2023] 152 taxmann.com 98 (Bom)(HC)

S. 148 : Reassessment –Notice – Recorded reason was not provided – Order of assessment is bad in law-Faceless Assessment Scheme who shall proceed in the matter after providing to the Petitioner the reasons recorded for reopening. The proceedings be completed preferably within a period of three months from today. [S. 144B, 147, Art. 226]

Sahebrao Deshmukh Co-op. Bank Ltd. v. ACIT [2023] 149 taxmann.com 248 / 292 Taxman 258 / 455 ITR 92 (Bom)(HC)

S. 148 : Reassessment–Notice–Search and Seizure–Third party premises-Satisfaction note-Failure to furnish documents- Assessment order quashed and set aside – Matter was remanded back for adjudication afresh. [S. 131, 132, 147, 151, Art. 14, 226]

CLSA India (P.) Ltd. v. DCIT [2023] 149 taxmann.com 380 (Bom)(HC)

S. 148 : Reassessment –Notice – Amalgamation- Company ceased to exist- Succession to business otherwise than on death -Non existing company – Amalgamation – PAN in name of non -Existent company remained active – Notice issued was quashed. [S. 148, 170, Art. 226]

Pico Capital (P.) Ltd. v. DCIT [2023] 150 taxmann.com 488 / 293 Taxman 347/ (2024) 460 ITR 508 (Bom)(HC)

S. 148 : Reassessment–Notice–Amalgamation- Company ceased to exist- Estoppel against law- Reassessment notice and order was quashed. [S. 148(A))(b), 148A(d), Art. 226]