Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Beboy Joseph John v. ACIT (2023)451 ITR 447 (Mad.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Right of personal hearing-Mandatory-CBDT circular is binding on the Department-Order was set aside. [S. 148, Art, 226]

Ravinder Kumar Aggarwal v. ITO (2023) 451 ITR 100 (Delhi)(HC)

S. 148 : Reassessment-Notice-Assessment-Company struck off Register and restoration of registration subsequently-Company deemed to be in existence even during the period when it was struck off Register-Petition being not bonafide, the petitioner was directed to deposit the Cost of Rs.50000 with the Delhi High Court Legal Services committee. [S. 143(3), Companies Act, 2013, S. 252(3), 248]

Mehsana Urban Co-Op Bank Ltd. v. ACIT (2023)451 ITR 514 /292 Taxman 187 (Guj.)(HC)

S. 148 : Reassessment-Notice-Merger-Amalgamation-Notice Issued against non-existent entity-Notice void ab initio and unsustainable. [A. 147, Art. 226]

Clear Media (India) Pvt. Ltd. v. Dy. CIT (2023)451 ITR 36 (Bom.) (HC)

S. 147 : Reassessment-Within four years-Intangible assets-Depreciation-No new information-Reassessment notice was quashed. [S. 32, 35BB, 148, Art. 226]

Shahlon Silk Industries P. Ltd. v. ACIT (2023) 451 ITR 184 / 223 DTR 253 / 330 CTR 549 / 292 Taxman 18(Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Amalgamation-Notice of reassessment issued in name of amalgamating company instead of a new company-Reassessment notice and order disposing of the objection was quashed. [S. 148, Art. 226]

Nila Infrastructures Ltd. v. ACIT (2023) 451 ITR 283 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Change of opinion-Borrowed satisfaction-Communication from Kolkota-Notice and the disposing objection was quashed [S. 40(a)(ia), 115JAA, 148 Art, 226]

Saurashtra Infra and Power Pvt. Ltd. v. Dy. CIT (2023)451 ITR 51 /149 taxmann.com 388 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Infrastructure Development-Audit objection-No failure to disclose material facts-Notice of reassessment based on Audit objection-Reassessment notice and order disposing of the objection was quashed. [S. 80IA(4), 115JB, 148, Art. 226]

Asian Paints Ltd. v ACIT (2023)451 ITR 45 / 221 DTR 457/ 330 CTR 560/148 taxmann.com 99 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Advertisement and sales promotion-Notice should specify material not disclosed-No failure to disclose material facts-Reassessment notice is bad in law. [S. 148, Art. 226]

Sapna Flour Mills Ltd. v. UOI (2023)451 ITR 521/ (2022) 145 taxmann.com 557 (All)(HC)/Editorial : SLP of assessee is dismissed , Sapna Flour Mills Ltd. v. UOI (2023) 295 Taxman 119 (SC)

S. 144B : Faceless Assessment-Amendment by Finance Act of 2022-Does not curtail benefits to the assessee-Amendment valid-Natural justice-Opportunity of the hearing was not granted-Reassessment was not valid-Order was set aside. [S. 144B(7), 144B(9), Art. 226]

Parul Bharat Shah v. NFAC (2023) 451 ITR 360/ 291 Taxman 294 (Bom.)(HC)

S. 144B : Faceless Assessment-Natural justice-Requests for extension of time to file a reply and personal hearing was not responded-Assessment order, notices of demand and penalty notice were set aside. [S. 143(3), 156, 270A, 274, Art. 226]