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. 147 : Reassessment-With in four years-Disputed facts-Alternative remedy-Interim order-Order is not barred by limitation-Writ is not maintainable-Order of single judge is affirmed. [S. 148, 153(2), Art. 226]

Madras Race Club v. Dy. CIT (2021) 206 DTR 297 / 323 CTR 188 (Mad.)(HC) Editorial : Order of single judge is affirmed Madras Race Club v. Dy. CIT (2021) 203 DTR 338 / 322 CTR 292 (Mad.)(HC)

S. 147 : Reassessment-With in four years-No new material-Matter remanded to consider the issue on change of opinion. [S. 148, Art. 226]

Magma Hdi General Insurance Co. Ltd. v. ITO (2021) 439 ITR 329 / 206 DTR 57 / 322 CTR 750 (Cal.)(HC)

S. 147 : Reassessment-With in four years-Change of opinion-No new material-Reassessment notice was quashed. [S. 148, Art. 226]

Cognizant Technology Solutions India P. Ltd. v. ACIT (2021) 439 ITR 571 /206 DTR 401 (Mad.)(HC) Editorial : Order of single judge in Cognizant Technology Solutions India P. Ltd. v. ACIT (2021) 437 ITR 425 / 206 DTR 408/ 323 CTR 427 (Mad.)(HC) set aside

S. 147 : Reassessment-After the expiry of four years-Export oriented undertakings-Valid approval by STPI-Mistake or omission committed by the Assessing Officer-No failure to disclose any material facts-Reassessment notice was quashed. [S. 10B, 148, Art. 226]

Kone Elevators (India) (P) Ltd. v. ACIT (2021) 206 DTR 137 / 322 CTR 697 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Free trade zone-Export Oriented units-Start of manufacturing-Location of Industrial undertaking-Failure to disclose material facts-Reassessment notice was held to be valid. [S. 10A(2), 148, Form No. 56F, Art. 226]

FCA Engineering India (P) Ltd. v. ACIT (2021) 206 DTR 43 (Mad.) (HC)

S. 147 : Reassessment-After the expiry of four years-Discrepancy and mismatch-MB Shah Commission report-Illegal mining in State of Odisha-Reason to believe-Reassessment notice is held to be valid. [S. 148, 154, Form 26AS, Art. 226]

Triveni Earthmovers (P.) Ltd. v. ACIT (2021) 205 DTR 190 / 322 CTR 406 (Mad.)(HC) Editorial : Affirmed by division Bench Triveni Earthmovers (P) Ltd v. ACIT (2021) 206 DTR 279/322 CTR 934/ 283 Taxman 297 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Discrepancy and mismatch-MB Shah Commission report-Illegal mining in State of Odisha-Reason to believe-Excess production-Issue subject matter of the reopening of assessment was never discussed in the original assessment proceedings-Failure to make full and true disclosure-Reassessment notice is held to be valid. [S. 148, 154, Form 26AS, Art. 226]

Triveni Earthmovers (P) Ltd. v. ACIT (2021) 206 DTR 279 / 322 CTR 934 / 283 Taxman 297 (Mad.)(HC) Editorial : Order of single judge is affirmed, Triveni Earthmovers (P.) Ltd v. ACIT (2021) 205 DTR 190/ 322 CTR 406 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Penny stock-Specific information-Information wing-Approval was obtained-Reassessment notice was held to be valid. [S. 143(1), 148, Art. 226]

Nishant Vilaskumar Parekh v. ITO (2021) 203 DTR 290/ ( 2022) 440 ITR 436 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Cash credits-Accommodation entries-Penny stock-Survey-General information-No failure to disclose material facts-Reassessment notice was held to be bad in law. [S. 45, 68, 69, 133A, 148, Art. 226]

Jainam Investments v. ACIT (2021) 439 ITR 154 / 283 Taxman 439 / 206 DTR 447 / 323 CTR 25 (Bom.)(HC)

S. 144B : Faceless Assessment-Natural justice-Assessment order was quashed- Existence of alternative remedy not an absolute bar to issue writ -Matter remanded to the appropriate authority for fresh assessment-Writ is maintainable where there is a violation of the principles of natural justice. [S. 143(3), Art. 226]

V. Thillainatesan v. Add. CIT (2021) 439 ITR 614 / 206 DTR 215 / 323 CTR 92 / (2022) 284 Taxman 388 (Mad.)(HC) Editorial : Order of single judge, V. Thillainatesan v. Add.CIT (2021) 206 DTR 223 / 323 CTR 100 (Mad)(HC)