Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Jindal forgings v. Income-tax Department (2022) 216 DTR 449 / 143 taxmann.com 263 (Jharkhand)( HC)

S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice – Principle of natural justice – Granted three days to file reply – Order was quashed. [ S. 148A(b) 148A(d), Art , 226 ]

Indus Towers Ltd. v. ITO (2022) 214 DTR 70 / 326 CTR 885 (Delhi)( HC)

S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice – Lack of jurisdiction of AO – Order u/s 148A(d) and notice u/s 148 quashed [ S. 148, 148A(d) Art, 226 ]

Harsh Bhavesh Patel (Smt) v. NFAC (2022) 327 CTR 598 /216 DTR 217 (Karn)(HC)

S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice – Faceless Assessment – Personal hearing through video conference – Opportunity of hearing denied – Matter remand – [ S. 144B , 147 , 148, Art , 226 ]

Excel Commodity & Derivative (P) LTD. v UOI (2022) 328 CTR 715 / 217 DTR 463 ( Cal )( HC)

S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice -No reasoning or any discussion found on the contention raised – Order set a side for passing a speaking order. [ S. 148A(d), Art , 226 ]

Excel Commodity & Derivative (P) Ltd v. UOI (2022) 328 CTR 710/ 217 DTR 458 / ( 2023) 455 ITR 341 ( Cal )( HC)

S. 148A: Reassessment – Conducting inquiry, providing opportunity before issue of notice – Order passed on the different ground – Contrary to CBDT Circular dated Ist August 2022- Order was quashed. [ S. 148A(b) ,148(a)(d), 151, Art , 226 ]

East Cost Consultants ( India) Ltd. v. Dy. CIT (2022) 217 DTR 22 / 328 CTR 243 (Mad) (HC)

S. 147: Reassessment -Order – Capital gains – Computation – Alternative remedy – Writ petition was dismissed [ S. 45 ,143(3), 148, 220(6) , Art , 226 ]

Naveen Kumar Jaiswal v. ITO (2022) 215 DTR 277/ 327 CTR 226/(2023)455 ITR 539 (Jharkhand HC)

S. 147 : Reassessment – With in four years- Wrong facts – Re-opening based on wrong facts is impermissible- Typographical error/ oversight in the reasons recorded for re-opening is not sustainable to uphold the re-assessment proceedings. [ S. 148 , 151, Art , 226 ]

Infinity.com Financial Securities Ltd v. ACIT ( 2022) 137 taxmann.com 503 ( Bom)(HC) Editorial: SLP of Revenue dismissed, ACIT v. Infinity.com Financial Securities Ltd ( 2023) 290 Taxman 126 (SC)

S.147: Reassessment – After the expiry of four years – Capital gains – Penny stock – No failure to disclose material facts – Reassessment notice was quashed [ S. 45, 148 , Art 226 ]

Gurumukh Ahuja v. NFAC (2022) 214 DTR 65 / 326 CTR 772 / 142 taxmann.com 275 (MP) (HC)

. 144B : Faceless Assessment – Opportunity of hearing – Physical hearing not mandatory Assessee did not opt for virtual hearing even after being advised to do so – Assessment order cannot be challenged [ S. 144B(7), Art , 226 ]

Elite Education Society v. Chairman CBDT (2022) 213 DTR 257/ 326 CTR 496 (Orissa)( HC)

S. 144B : Faceless Assessment – Vested right to a personal hearing – Order was set aside and the matter was to be remanded back to Assessing Officer for a fresh decision. [. 143 (3), 144B(7) (vii), Art , 226 ]