S. 147 : Reassessment-After the expiry of four years-Expenditure for earning exempt income-No failure to disclose material facts-Notice is not valid. [S. 14A, 148, Art. 226]
Saurabh Natvarlal Soparkar v. ACIT (2021) 432 ITR 68 (Guj.)(HC)
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Click here to download the pdf versions of the Digest of case laws S. 147 : Reassessment-After the expiry of four years-No new material-Notice to increase quantum of disallowance is held to be not valid. [S. 14A, 148, Art. 226]
Sandesh Procon LlP v. ACIT (2021) 432 ITR 414 / 202 DTR 305 (Guj.) (HC)S. 147 : Reassessment-After the expiry of four years-Assessment without scrutiny-Report of investigation wing-Reassessment was held to be valid. [S. 133, 143(1), 148, Art. 226]
Hiteshkumar Babulal Ramani v. ACIT (2021) 432 ITR 403 / 279 Taxman 449 (Guj.)(HC)S. 144C : Reference to dispute resolution panel-Selection for scrutiny-Draft assessment order-Participating in assessment proceedings-Notice by TPO and draft assessment order is held to be valid. [Art. 226]
Transsys Solutions Pvt. Ltd. v. ACIT (2021) 432 ITR 375 / 202 DTR 94 / 321 CTR 68/280 Taxman 150/126 taxmann.com 164 (Mad.)(HC) Editorial : Decision of single judge is affirmed, Transsys Solutions Private Limited v. ACIT (2021) 17 ITR-OL 418/ 202 DTR 103/ 321 CTR 77 (Mad.)(HC)S. 144C : Reference to dispute resolution panel-limitation-Notice by Dispute Resolution Panel four years after direction by Tribunal-Barred by limitation. [S. 144C(13), 153, 254 (1), Art. 226]
Roca Bathroom Products Private Ltd. v. DRP (2021) 432 ITR 192 / 203 DTR 55/ 321 CTR 496(Mad.)(HC)/Dy. CIT v. Freight Systems (India) P. Ltd. (2021) 18 ITR -OL 468 (Mad)(HC) /Editorial : Ordder of Single judge is affirmed by division bench , CIT . v. Roca Bathroom Products P. Ltd (2022) 445 ITR 537 (Mad)(HC) Dy. CIT v. Freight Systems (India) P. Ltd. (2022) 445 ITR 537 (Mad)(HC) Editorial : Ordder of Single judge is affirmed by division bench , CIT . v. Roca Bathroom Products P. Ltd (2022) 445 ITR 537 (Mad)(HC) Dy. CIT v. Freight Systems (India) P. Ltd. (2022) 445 ITR 537 (Mad)(HC)S. 139 : Return of income Time for filing audit report extended thrice-Prayer for writ of mandamus to extend time limit further was rejected. [S. 44AB, 119, Art. 226]
All Gujarat Federation of Tax Consultants v. UOI (2021) 432 ITR 225 / 198 DTR 8 / 319 CTR 33 / 278 Taxman 22 (Guj.)(HC)S. 132 : Search and seizure-Seizure of cash-Under investigation-Writ for release of cash is held to be not maintainable. [S. 12A, Art. 226]
Leo Charitable Trust v. PDIT (Inv) (2021) 432 ITR 286 (Mad.)(HC)S. 115JB : Book profit-Professional fees offered as income in subsequent year-Deletion on the ground of double addition is held to be proper.
PCIT v. Adani Infrastructure And Developers Pvt. Ltd. (2021) 432 ITR 113 (Guj.)(HC)S. 72 : Carry forward and set off of business losses-Can be set off against capital gains. [S. 45]
PCIT v. Alcon Developers (2021) 432 ITR 277/128 taxmann.com 371 (Bom.)(HC)S. 69A : Unexplained money-Burden is on assessee-Raid by the CBI No satisfactory explanation addition is held to be justified.
Jatinder Pal Singh v. Dy. CIT (2021) 432 ITR 293 / 201 DTR 353 / 320 CTR 830 / 281 Taxman 624 (Delhi)(HC)