Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


The Great Eastern Shipping Company Ltd. v. K.C Naredi, Add. CIT (2021) 208 DTR 273 / 440 ITR 58 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Shipping business-Reserves-Dividend and long term capital gains-No failure to disclose material facts-Return was not filed in pursuance of notice issued u/s. 148 of the Act-There is no hard and fast rule that the assessee should file the return pursuant to notice, when the reasons do not disclose on the face of it any failure on the part of the assessee to disclose all material facts necessary for assessment-Reassessment notice was quashed. [S. 33AC, 148, Art. 226]

Kalpataru Plus Shrayans v. Dy. CIT (2021) 207 DTR 138 / 323 CTR 747 ( 2022) 440 ITR 269/ 286 Taxman 159 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Interest expenses-No failure to disclose material facts-Reassessment notice was quashed. [S. 57, 148, Art. 226]

Subrahmanyan Constructions Co. (P) Ltd. v. ACIT (2021) 207 DTR 289 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Seeking clarification-Retention money-No failure to disclose material facts-Reassessment is bad in law. [S. 148, Art, 226]

Shilpa Realty (P) Ltd. v. ITO (2021 323 CTR 830 / 208 DTR 70 (Guj.) (HC)

S. 147 : Reassessment-After the expiry of four years-Directed to pass speaking order while disposing the objections after considering the objections of the assessee-Assessment order was quashed and set aside. [S. 148, Art. 226]

Delphi-TVS Diesel Systems Ltd. v. ITO (2021) 323 CTR 508 / 207 DTR 329/ ( 2022) 440 ITR 310 / 286 Taxman 144 (Mad.)(HC)

S. 144C : Reference to dispute resolution panel-Power of enhancement-Any matter relating to assessment-Writ was dismissed. [S.92C, 144C(8), Art, 226]

Setu Securities (P) Ltd. v. NFAC (2021) 323 CTR 646 / 207 DTR 425 (Bom.)(HC)

S. 144B : Faceless Assessment-Cash credits-Violation of principle of natural justice-Two days’ time was not granted-Draft assessment order was not provided-Assessment order was set aside. [Art. 226]

Umkal Healthcare (P) Ltd. v. NFAC (2021) 283 Taxman 504 (Delhi)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-Opportunity of personal hearing was not granted-Order was set aside-Directed the Assessing Officer to pass a reasonable order in accordance with law. [S. 143(3), 144B(7), Art. 226]

Ramprastha Buildwell (P.) Ltd. v. NEAC (2021) 283 Taxman 235 (Delhi)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-Without affording personal hearing-COVID-19-Order was set aside and remanded back for adjudication a fresh. [S. 143(3), Art. 226]

Novelty Merchants (P) Ltd. v. NFAC (2021) 283 Taxman 385 (Delhi) (HC) Pooja Singla Builders and Engineers (P) Ltd. v. NAFC (2022) 440 ITR 413/ ( 2021 ) / 283 Taxman 491 (Delhi)(HC) Religare Enterprises Ltd. v. NFAC (2021) 283 Taxman 408 (Delhi)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-No show cause notice and draft assessment order was issued-Assessment order was set aside and remanded back to Assessing Officer. [Art. 226]

Javin Construction (P) Ltd. v. NFAC (2021) 283 Taxman 42 / (2022)448 ITR 354 (Delhi)(HC)

S. 144B : Faceless Assessment-Violation of principle of natural justice-Order passed without issuing show cause notice and draft assessment order-Order was set aside and remanded. [Art. 226]