S. 154 : Rectification of mistake-Cash Credits-Rejection of rectification was held to be valid. [S. 40((a)(ia), 69, Art, 226]
MS Educational and Welfare Trust v. ACIT (2022) 444 ITR 310 (Telangana)(HC)
Digest of case laws
Online digest of latest case laws
This Digest of case laws is prepared by KSA Legal and AIFTP from judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals
Click here to download the pdf versions of the Digest of case laws S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years-Commissioner has to apply his mind and cannot pass order mechanically-Notice quashed and set aside. [S. 147, 148, Art, 226]
Sagar Bullion Pvt. Ltd. v. UOI (2022) 444 ITR 686 / 209 DTR 281/ 324 CTR 146 (Bom.)(HC)S. 149 : Reassessment-Time limit for notice-Date when digitally signed notice is entered in computer-Notice barred by limitation. [S. 147, 148, 282, 282A, Information Technology Act, 2000, S. 13, Art. 226]
Daujee Abhushan Bhandar Pvt. Ltd. v. UOI (2022) 444 ITR 41 / 212 DTR 1 / 325 CTR 659 / 286 Taxman 623 (All.)(HC)S. 149 : Reassessment-Time limit for notice-Notice issued after expiry of limitation-Defect not curable-Notice not valid. [S. 143(2), 292BB]
PCIT v. Cherian Abraham (2022) 444 ITR 420 / 210 DTR 152 / 324 CTR 624 (Karn.)(HC)S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Notice issued under Section 148 on 16-4-2021-Not Valid. [S. 148, Art, 226]
Yuvraj v. ITO (2022) 444 ITR 329 / 212 DTR 33 / 325 CTR 554 (MP)(HC)S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Public sector undertaking-Input tax credit fraud-Proceedings stayed until further orders. [S. 148, Art, 226]
Bharat Heavy Electricals Ltd. v. PCIT (2022) 444 ITR 234 (Delhi)(HC)S. 148 : Reassessment-Notice-Notice in the name of dead person-Objection to notice by Legal Representative-. Mistake in notice not curable-Notice not valid. [S. 147, 159(2)(b), 292B, Code of Civil Procedure, 1908, S. 2(11), Art, 226]
Kanubhai Dhirubhai Patel v. ITO (2022) 444 ITR 405 (Guj.)(HC)S. 147 : Reassessment-Limitation-No finding or recording of reason that income has escaped assessment on account of failure of assessee to disclose truly and fully all material facts-Notice And Order Rejecting Objections Unsustainable. [S. 148, 149 150. Art, 226]
SEA Sagar Construction Co. v. V.A. Nair ITO (2022) 444 ITR 385 / 213 DTR 393 / 288 Taxman 609 / 328 CTR 897 (Bom.)(HC) SEA Sagar Construction Co. v V.N. Talreja Dy.CIT (2022) 444 ITR 385 / 213 DTR 393/ 288 Taxman 609/ 328 CTR 897 (Bom.)(HC)S. 147 : Reassessment-Assessee can establish in reassessment proceedings that reasons were erroneous-DTAA-India-USA-Assessee directed to show in the reassessment proceedings that the assumption of facts made in the notice is erroneous. [S. 10(38), 148, Form No 15CA, Art, 226]
SAIF II Mauritius Co. Ltd. v. ACIT (IT) (2022) 444 ITR 501 (Delhi)(HC) SAIF III Mauritius Co. Ltd. v. ACIT (IT) (2022) 444 ITR 501 (Delhi)(HC)S. 147 : Reassessment-No new material-Original assessment order passed after application of mind-Change of opinion-Reassessment notice is unsustainable. [S. 143(3), 148, Art, 226]
Rama Devi Sabat v. Dy. CIT (2022) 444 ITR 301 / 209 DTR 196 / 324 CTR 241 (Orissa) (HC)