Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


CIT(E) v. Tibetan Children’s Village Dal Lake (2024)470 ITR 314 (HP)(HC)

S. 147 : Reassessment-Change of opinion-Charitable trust-Accumulation of income-Fund pending utilization-Examined in the course of regular assessment proceedings-Reassessment is bad in law. [S 11, 12(1), 13, 148, 260A]

Bharat Amratlal Shah v. ITO (2024) 470 ITR 322 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Change of opinion-Notice based on Audit objection-Reassessment notice and order disposing the objection is quashed [S. 55, 148, Art. 226]

Usha Eswar (Mrs.) v. Rajeshwari Menon ITO (2023) 152 taxmann.com 454 /(2024) 470 ITR 200 (Bom) (HC)

S. 147 : Reassessment-After the expiry of four years-Capital gains-Authority for Advance ruling-Ruling would apply and be binding only on applicant-Subsequent ruling on other assessee cannot be the basis for reopening of the assessment-DTAA-India-UAE [S. 9(1)(i), 148, 245R, 245S, Art. 4, 10, 11. 13(3)]

Taeyang Metal India (P.) Ltd. v. Dy. CIT (2024)470 ITR 705 /160 taxmann.com 536 (Mad) (HC)

S. 144C : Reference to dispute resolution panel-Time limit-Direction of DRP-Uploading on ITBA portal on 17-6-2022-Final assessment order was passed on 25-3-2023-Order is barred by limitation. [S.92CA, 144B, 144C(13), Art. 226]

Shapoorji Pallonji Solar Holdings Pvt. Ltd. v. ITO (No. 2) (2024)470 ITR 142 (Mad) (HC) Editorial : Shapoorji Pallonji Solar Holdings Pvt. Ltd. v. ITO(No. 1) (2024)470 ITR 139 (Mad) (HC)

S. 144B : Faceless Assessment-Pendency of appeal before CIT(A)-Direction is issued to the appellate authority to pass an appropriate order on the merits and in accordance with law, after affording an opportunity of personal hearing to the assessee within a period of twelve weeks. [S. 144B(1) (xii), 246A, Art. 226]

Ramona Massar v. UOI (2024) 470 ITR 239/152 taxmann.com 230 (Meghalaya) (HC)

S. 144 : Best judgment assessment-Reassessment-Schedule Tribes-Investment in mutual funds-Return not filed-Not responded to the notice-Alternative remedy-Writ petition is dismissed.[S. 10(26), 139(1),139(4C), 147, 148. Art. 226]

Shyam Communication Systems v. Dy. CIT (2024) 470 ITR 25 (Delhi) (HC)

S. 143(3): Assessment-Order passed without giving assessee an adequate of opportunity of being heard-Order is not valid-The Assessing Officer is directed to pass an appropriate order as per law. [Art.226]

Mundhra Exim (P.) Ltd. v. NFAC(2024)470 ITR 691 /159 taxmann.com 682 (Mad) (HC)

S. 143(3) : Assessment-Unexplained expenditure-Purchase of bullion/jewellery-Question of fact-Writ petition is dismissed.[S.69C, 144B,Central Goods and Service Tax Rules, 2017, Notification No. 12 of 2018 (Central Tax (2018) GSTR (St)1, Art. 226]

PCIT v. Sukhdham Infrastructures LLP (2024)470 ITR 179 / 165 taxmann.com 84 (Cal) (HC)

S. 143(3) : Assessment-Limited scrutiny assessment-Assessing Officer had initially issued notice under section 143(2) for a limited scrutiny on three aspects-Assessing Officer could not have expanded scope of scrutiny without prior to obtaining approval for a complete scrutiny from appropriate authority. [S.119, 143(2), 260A]

Vrushti Aulkumar Shah v. PCIT (2023) 152 taxmann.com 77 /(2024) 470 ITR 229 (Guj) (HC)

S. 119 : Central Board of Direct Taxes-Circular-Defective return-Genuine hardship-Lock down period-Delay in filing application for rectification of error committed in return of income is condoned. [S. 44ADA, 119(2)(b),139(5), 139(9), 154, Art. 226]