Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Amar Jewellers Ltd. v. ACIT (2022) 444 ITR 148 / 216 DTR 198 / 328 CTR 468/139 taxmann.com 198 (Guj.)(HC)

S. 147 : Reassessment-Prima facie basis for belief sufficient Survey of third person and statement during survey proceedings revealing alleged bogus nature of transactions-Of Assessee-Notice valid. [S. 148, 153A, Art, 226]

Tamilnad Mercantile Bank Ltd. v. ACIT (2022) 444 ITR 537 / 286 Taxman 496 (Mad.) (HC)

S. 147 : Reassessment-After the expiry of four years-Failure to disclose material facts-Exempt income-Interest payment-Question of fact-writ is not maintainable. [S. 148, R. 8D, Art. 226]

Hariom Ingots And Power Pvt. Ltd. v. PCIT (2022) 444 ITR 306 (Chhattisgarh)(HC)

S. 147 : Reassessment-After the expiry of four years-Sale of shares-Company-Failure to disclose fully and truly all material facts-Burden on Assessing Officer. [S. 56(2)(vii)(c)(ii), 148, Art. 226]

Sardar Co-Operative Credit Society Ltd. v. ACIT (2022) 444 ITR 23 (Guj.)(HC)

S. 144B : Faceless Assessment-Variation in draft assessment order-Assessee must be given opportunity to be heard. [S. 144B(1)(xvi)(b), Art, 226]

Fiberhome India Pvt. Ltd. v. NEAC (2022) 444 ITR 237 (Delhi)(HC)

S. 144B : Faceless Assessment-Variation in income-Objections pending disposal before Dispute Resolution Panel-Assessment order set aside. [S. 143(3), 144C(3), Art, 226].

Dr. K. R. Shroff Foundation v. ITO (2022) 444 ITR 354/ 213 DTR 289/ 326 CTR 527 (Guj.)(HC)

S. 144B : Faceless Assessment-Request for personal hearing-Video Conferencing Facility proving to be inadequate-Assessment order not valid-Directed to hear through Video conference on fixing the time. [S. 143(3), 144B(7)(vii), Art, 226]

Agrawal JMC Joint Venture v. ITO (2022) 444 ITR 470/ 213 DTR 260/ 326 CTR 499 (Guj.)(HC)

S. 144B : Faceless Assessment-Draft assessment order-Violation of natural justice-Two days time was granted-Personal hearing not granted-Order of assessment is not valid-Matter remanded. [S. 114B(1)(xvi), Art, 226]

Vamsha Retail Ventures P. Ltd. v. ACIT (2022) 444 ITR 346 /327 CTR 52 / 287 Taxman 471/ 213 DTR 331(Mad.)(HC)

S. 143(3) : Assessment-Order passed without giving an opportunity of personal hearing-Order is not valid-Assessment order was set aside and directed the Assessing Officer provide personal hearing through video conferencing. [S. 143(2), Art. 226]

Unisource Hydro Carbon Services Pvt. Ltd. v. UOI (2022) 444 ITR 227 / 212 DTR 151 / 326 DTR 566 (Cal.)(HC) Editorial : In Unisource Hydro Carbon Services Pvt. Ltd. v. UOI (2022) 444 ITR 229 /139 taxmann.com 411/ 212 DTR 151 (Cal.)(HC) order of single judge reversed.

S. 143(3) : Assessment-Alternative remedy-Dismissal of earlier writ on ground of alternative remedy of appeal-Dismissal of revision petition-Not entertained. [S. 246A, 264 (7), Art. 226]

eShakti.Com Pvt. Ltd. v. ACIT (2022) 444 ITR 257 / 213 DTR 327/ 327 CTR 48(Mad.)(HC)

S. 143(3) : Assessment-Principle of natural justice-Scrutiny Assessment-Issuance of show-cause notice prior to finalisation of order of assessment is mandatory-Orders were treated as show cause notice-Directed to file replies within a period of six weeks. [S. 142(1), 143(2), 143(3), Art. 226]