Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Raajratna Stockholdings Pvt. Ltd. v. ACIT (2025) 476 ITR 228 /170 taxmann.com 473 (Guj)(HC)

S.147: Reassessment-After the expiry of four years-No failure to disclose all material facts-Borrowed satisfaction-Notice and order disposing the objection was quashed. [S. 143(3), 148, Art. 226]

Citadel Fine Pharmaceuticals Ltd v. Dy. CIT (2025) 476 ITR 193 /173 taxmann.com 142 (Mad)(HC) Editorial : Decision of single judge in Citadel Fine Pharmaceuticals Ltd v. Dy. CIT(Mad)(HC)(SJ)(W.P.Nos. 36522 and 35630 of 2016 dt. 22-4-2021,) reversed.

S.147: Reassessment-After the expiry of four years-Bad debt-Write-off of bad debt-Not required to be proven-Writ appeal allowed-Reassessment notice and order disposing the objection was quashed. [S. 36(1)(vii), 148,Art. 226]

Dy. CIT v. Gokul Agro Resources Ltd. (2025) 476 ITR 160/304 Taxman 425 (SC) Editorial :Gokul Agro Resources Ltd. v. Dy. CIT (No. 1), (2025) 474 ITR 555 (Guj)(HC)

S. 147 : Reassessment-Exchange, difference or net loss in foreign exchange transaction-Change of opinion-No tangible material-SLP of revenue dismissed, the delay of 181 was not satisfactorily explained and also on merits. [S. 143(3), 148, Form 15CA, Art. 136]

Dy. CIT v. Undercarriage and Tractor Parts Pvt. Ltd(2025) 476 ITR 3/305 Taxman 411 (SC) Editorial : Undercarriage and Tractor Parts Pvt. Ltd. v. DRP [2023] 156 taxmann. com 79/ 335 CTR 974 / (2024) 460 ITR 401 (Bom)(HC)

S. 144C : Reference to dispute resolution panel-Draft assessment order-High Court quashing directions of Dispute Resolution Panel and assessment order passed consequent thereto-SLP of revenue was dismissed.[S. 144C(2), Art. 136]

PCIT v. Vertex Customer Management India Pvt. Ltd.(2025) 476 ITR 475 (Delhi)(HC)

S. 143(3): Assessment-Non existing entity-Amalgamation-Order of DRP-Order of Tribunal annulling the assessment was affirmed. [S. 144C, 254 Companies Act, 1956, 391, 394.]

National Sewing Thread Company Ltd v Dy. CIT (2025) 476 ITR 40 (Delhi)(HC)

S. 143(3): Assessment-Resolution plan approved-No new claims by the revenue is maintainable-Order under section 143(3) of the Act was quashed and set aside. [Insolvency and Bankruptcy Code, 2016, S. 31. Art. 226]

Shaily Juneja v. ACIT [2024] 167 taxmann.com 90 / (2025) 476 ITR 665 (Delhi)(HC) Primary Real Estate Investments v. Dy. CIT [2024] 167 taxmann.com 90 / (2025) 476 ITR 665 (Delhi)(HC)

S. 143(2) : Assessment-Notice-Failure to comply with provisions of section 143(2)-Draft and final assessment order Reassessment proceedings invalid-Notice and assessment orders quashed. 143(2), 147, 148, 153A, Art. 226]

Raj Kumar Bothra v. Dy. CIT (2025) 476 ITR 249 /174 taxmann.com 1199 (Chhattisgarh)(HC)

S. 143(1)(a) : Assessment-Intimation-Delayed depositing of contribution under employees welfare Acts-Disallowance set aside Revenue granted liberty to proceed in accordance with law. [S. 2(24)(x), 36(1)(va), 143(1)(a), 143(3) Employees’ State Insurance Act, 1948-Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.]

CIT v. Lok Housing and Construction Ltd (2025) 476 ITR 366/ 175 taxmann.com 848 (SC) Editorial : CIT v. Lok Housing and Constructions Ltd., (2015) 5 ITR-OL 235 / (2015) 58 taxmann.com 179 (Bom)(HC).

S. 139: Return of income-Revised return declaring nil income-Cancellation of sale agreement-Revised accounts-Capital gains-Transfer-Immoveable properties-On appeal high Court was affirmed-Appeal of revenue dismissed. [S. 2(47), 45, 142, Art. 136]

DIT (In) v. Echjay Industries Pvt. Ltd (2025) 476 ITR 367/175 taxmann.com 846 (SC) Editorial : Echjay Industries Pvt. Ltd. v. Rajendra, DIT (2024) 299 Taxman 432 /340 CTR 82 / (2025) 475 ITR 331

S. 132: Search and seizure-Reason to believe-Material considered was irrelevant and unrelated satisfaction note did not fulfil jurisdictional preconditions-Search proceedings were not legal-SLP of revenue was dismissed. [S. 132(1)(a) to (c), Art. 136]