S. 147 : Reassessment-Information from Investigation wing-No independent opinion-Cannot travel beyond reasons recorded-Notice was quashed. [S. 68, 148, Art. 226]
Alliance Fibres Ltd. v. ACIT (2021) 435 ITR 264 / 280 Taxman 242 (Guj.)(HC)
Digest of case laws
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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. 147 : Reassessment-With in four years-Under assessment of income-Misinterpretation of provision-Notice valid-High Court cannot consider sufficiency of reason. [S. 80IA, 148, Art. 226]
Aircel Cellular Limited v. Dy. CIT (2021) 435 ITR 660 (Mad.)(HC)S. 147 : Reassessment-After the expiry of four years-Objections not been disposed of-Invalid approval-Approval of Joint Commissioner instead of Principal Chief Commissioner-Reassessment is held to be bad in law. [S. 148, 151, Art. 226]
Viresh Hemani v. ITO (2021) 435 ITR 376 (Orissa)(HC)S. 147 : Reassessment-After the expiry of four years-Book profit-Bad and doubtful debts-Subsequent retrospective amendments-No failure to disclose material facts-Reassessment notice is held to be not valid. [S. 115JB, 148, Art. 226]
Seshasayee Paper and Boards Ltd. v. ACIT (2021) 435 ITR 625 (Mad.)(HC), affirmed , ACIT v. Seshasayee Paper and Board Ltd. (2023)455 ITR 291/334 ITR 517 /148 taxmann.com 432 (Mad)( HC)S. 147 : Reassessment-After the expiry of four years-Finding by Investigation Wing-Bogus transaction-Accommodation entries-No true disclosure of facts-Issue of notice is valid. [S. 148, 149, Art. 226]
Garvit Diamonds Pvt. Ltd. v. ITO (2021)435 ITR 737 / 203 DTR 34 (2022)) 325 CTR 530 (Guj.)(HC)S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Developer-Works contract-Reassessment is not valid. [S. 148]
ACIT v. Kotarki Constructions Pvt. Ltd. (2021) 435 ITR 78 / 202 DTR 241 / 322 CTR 843 / 281 Taxman 187 (Karn.)(HC)S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-No new information-Notice to withdraw the deduction is held to be not valid. [S. 35(1)(ii), 80GGA, 148, Art. 226]
Amrishbhai Hasmukhlal Parikh v. ITO (2021)435 ITR 97 (Guj.)(HC)S. 143(3) : Assessment-Faceless assessment-Natural justice violated-Order was passed before time granted-Order and notices are set aside-Directed to grant a personal hearing to the authorised representative. [S. 144B, 156, 271AAC, 274]
KBB Nuts Pvt. Ltd. v. National Faceless Assessment Centre, Delhi (2021) 435 ITR 622 / 280 Taxman 380 (Delhi)(HC)S. 143(3) : Assessment-Principles of natural justice-Order passed before expiry of time granted in the notice-Order was quashed-Matter remanded. [Art. 226]
Antony Alphonse Kevin Alphonse v. ITO (2021) 435 ITR 735 (Mad.)(HC)S. 80JJAA : Employment of new workmen-Software engineer-Does not discharge supervisory duty is workman-Amendment in section In 2018 is clarificatory and has retrospective effect-Interpretation of taxing statutes-Beneficial provision-Interpretation should be liberal. [Industrial Disputes Act, 1947, S. 2(s)]
CIT (LTU) v. Texas Instruments India Pvt. Ltd. (2021) 435 ITR 1 / 321 CTR 34 / 203 DTR 1(Karn.)(HC).Editorial : Notice issued in SLP filed by the Revenue , CIT v. Super Religare Laboratories Ltd. (2022) 287 Taxman 561 (SC)