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
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S. 234A : Interest-Default in furnishing return of income-Waiver of interest-Properties vesting in Official Assignee-Interest waived on the facts of the case. [S. 234B 234C, Presidency Towns Insolvency Act, 1909, S. 7]

T. R. Bhuvaneswari (Mrs.) v. Official Assignee High Court, Madras (2022) 443 ITR 335 (Mad.)(HC)

S. 197 : Deduction at source-Certificate for lower rate-Deduction of tax at source-Lease of Aircraft-Survey-Direction to withhold tax at 10 Per Cent-Matter remanded-DTAA-India-Ireland. [S. 133A, R. 28AA, Art. 8, 12].

Celestial Aviation Trading 64 Ltd. v. ITO(IT) (2022) 443 ITR 441 (Delhi)(HC)

S. 154 : Rectification of mistake-Expenditure on account of stores and spares-Omission to make addition in the assessment order-Income assessed as income from other sources and not as business income-Rectification is held to be valid. [S. 28(1), 37(1), 56]

PTL Enterprises Ltd. v Dy. CIT (2022) 443 ITR 260 / 326 CTR 858 / 286 Taxman 564 / 214 DTR 233(SC) Editorial : Decision in PTL Enterprises Ltd. v. Dy.CIT (2021) 439 ITR 365 / (2022) 212 DTR 404 / 326 CTR 282 / 286 Taxman 169 (Ker.)(HC) affirmed.

S. 153A : Assessment-Search or requisition-Recording of satisfaction is not mandatory under section 153A-No abatement of concluded proceedings. [S. 132A, 153C]

PCIT v. Delhi International Airport Pvt. Ltd. (2022) 443 ITR 382 /332 CTR 460/ 225 DTR 180 (Karn.)(HC) PCIT v. GMR Hyderabad International Airport Pvt. Ltd. (2022)443 ITR 382/332 CTR 460/ 225 DTR 180 (Karn.)(HC) PCIT v. GMR Infrastructure Ltd. (2022) 443 ITR 382/332 CTR 460/ 225 DTR 180 (Karn.)(HC). Editorial ,notice issued in SLP filed by the Revenue , PCIT (Central) v. Delhi International Airport (P.) Ltd. (2023) 292 Taxman 4 (SC )

S. 148 : Reassessment-Notice-Challenged on several grounds-Dismissing the writ petition without discussing on any ground without stating the reasons for refusal to entertain writ petitions-Matter remanded to High Court for decision of Writ petitions afresh on merits. [S. 147, Art. 226]

Vishal Ashwin Patel v. ACIT (2022) 443 ITR 1 / 212 DTR 123 / 325 CTR 699 / 287 Taxman 167/136 taxmann.com 372 (SC)/H.P. Diamond India (P) Ltd v. Dy .CIT ( 2022) 449 ITR 163 / 287 Taxman 559 / 218 DTR 215/ 328 CTR 871/114 CCH 196 (SC.).Editorial: Reversed Vishal Ashwin Patel v. ACIT (WP Nos. 3209/2019, 3150/2019, 3208/2019 and 3137/2019 (Bom)(HC) dated January 11, 2022. H.P. Diamond India (P) Ltd v. Dy .CIT ( 2022) 139 taxmann.com 515 ( Bom)(HC)

S. 147 : Reassessment-Collaboration agreements-Order of single judge set aside-Assessing officer directed to consider all the material and objections of the assessee. [S. 148, Art. 226]

Revathi Equipment Ltd. v. ACIT (2022) 443 ITR 262 (Mad.)(HC) Editorial: Decision of single judge in Revathi Equipment Ltd. v. ACIT (2021) 435 ITR 543 / 204 DTR 313/ 282 Taxman 232/ 204 DTR 313/ 322 CTR 703 (Mad)(HC) set side.

S. 147 : Reassessment-Duty of Assessing Officer-Rejection Of Objections must be by speaking order recording reasons for rejection of each objection-Matter remanded. [S. 148, 153C, Art. 226]

Nitinkumar v. JCIT. (2022) 443 ITR 411 (Bom.)(HC)

S. 147 : Reassessment-Contingent liability claimed as revenue expense-Failure to consider submissions in order disposing of its objections-Notice and order disposing of objections quashed. [S. 148, Art. 226]

Kurz India Pvt. Ltd. v. PCIT (2022) 443 ITR 191 (Delhi)(HC)

S. 147 : Reassessment-After the expiry of four years-Failure to disclose material facts-transfer pricing-Capital or revenue-Interest from debentures-Notice valid. [S. 148, Art. 226]

N. Parvathi Textiles v. ITO (2022) 443 ITR 293 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-No tangible material-Change of opinion-Reassessment notice not valid. [S. 10A, 80HHE, 148, Art. 226]

Tata Sons Limited v. Dy. CIT (2022) 443 ITR 282 (Bom.)(HC)