Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


PCIT v. Param Dairy Ltd (2021) 133 taxmann.com 147 (Delhi)(HC) Editorial: Notice issued in SLP filed by the revenue ; PCIT v. Param Dairy Ltd. (2022) 284 Taxman 378 (SC)

S. 153A : Assessment-Search or requisition-No incriminating material-Addition cannot be made. [S. 132]

PCIT v. Anand Kumar Jain (2021) 133 taxmann.com 288 (Delhi)(HC) Editorial: Notice issued in SLP filed by the revenue ; PCIT v. Anand Kumar Jain (2022) 284 Taxman 633 (SC)

S. 153A : Assessment-Search or requisition-In the absence of incriminating material merely on the basis of statement recorded of third person without providing an opportunity of cross examination-Addition cannot be made. [S. 132(4), 153C]

PCIT v. Gaurav Arora (2021) 133 taxmann.com 292 (Delhi)(HC) Editorial : Notice is issued in SLP filed by the revenue, PCIT v. Gaurav Arora (2022) 284 Taxman 629 (SC)

S. 153A : Assessment-Search or requisition-Deemed dividend-No incriminating material-Addition cannot be made. [S. 2(22)(e)]

Labtund Infrastructure (P.) Ltd. v. P CIT (2022) 284 Taxman 399 (Chhattisharh)(HC) Ashok Kumar Agrawal v. UOI (2022) 284 Taxman 342 (Chhattisgarh)(HC)/Sanjay Agrawal v.PCIT( 2022) 285 Taxman 576 (Chhattisgargarh)(HC)

S. 148 : Reassessment-Notice-Constitutional validity-Without following the procedure-Issue of notice is held to be valid. [S. 147, 148A, 149, 151, 151A, 153, 292 Relaxation of Certain Provisions) Act, 2020 (TOLA), S. 3(1) of the Act 38 of 2020, Art. 226]

Satva Merchandize (P.) Ltd. v. ITO (2022) 284 Taxman 336 (Guj.)(HC)

S. 147 : Reassessment-Unexplained money-Rotation of undisclosed income-FIR filed by CBI-Writ petition was withdrawn. [S. 69A, 148, Art. 226]

Cairn India v. Dy. DIT(IT) (2022) 284 Taxman 68 (Mad.)(HC)

S. 147 : Reassessment-With in four years-Deduction at source-Non-resident-Foreign currency loan-Guarantee interest-Material available was not taken in to consideration in original assessment proceedings-Re assessment notice was held to be valid. [S. 148, 195, Art. 226]

ITO v. Shivsu Canadian Clear Waters Ltd. (2022) 284 Taxman 660/ 214 DTR 254/ 327 CTR 345 (Mad.)(HC)

S. 147 : Reassessment-With in four years-Income from other sources-Valuation of shares-Order of single judge allowing the writ petition is affirmed. [S. 56(2)(viib), 148, Art. 226]

Janaki Mohan v. ITO (2022) 284 Taxman 148 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Investment in residential house-All documents pertaining to three properties were furnished in the course of original assessment proceedings-Reassessment notice was quashed. [S. 54F, 148, Art. 226]

Marico Ltd v. ACIT (2021) 133 taxmann.com 121 (Bom.)(HC) Editorial : SLP of revenue is dismissed; ACIT v. Marico Ltd. (2022) 284 Taxman 365 (SC)

S. 147 : Reassessment-After the expiry of four years-Alleged excess deduction-Basis of information and material already on record-Re assessment notice was quashed. [S. 80IB, 80IC, Art. 226]

Ford India (P) Ltd v. ITO (2022) 284 Taxman 396 (Mad.)(HC)

S. 144C : Reference to dispute resolution panel-Order passed without awaiting directions of DRP under section 144C(5) of the Act-Order was set aside [S. 143(3), Art, 226]