S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Natural justice-Order passed without considering request for sufficient time-Order set aside. [S. 147, 148A(b) 148A(d), 151, Art. 226]
Divya Capital One Pvt. Ltd. v. ACIT (2022) 445 ITR 436/ 214 DTR 1 / 326 CTR 781 (Delhi)(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. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Natural justice-Order passed without considering request for sufficient time-Order set aside. [S. 147, 148A(b), 148A(d), Art. 226]
Divij Singh Kadan v. PCIT (2022) 445 ITR 445/ 214 DTR 417/ 327 CTR 193 (Delhi)(HC)S. 147 : Reassessment-Alternative remedy-Writ against reassessment order was dismissed. [S. 148, Art. 226]
Thota Venkateswara Rao v. NFAC (2022) 445 ITR 460 (AP)(HC)S. 147 : Reassessment-Show cause notice-Alternative remedy-Time granted to file reply only two days-Directed to provide time of 10 days to file the reply-Appeal Lies from order of reassessment-Writ is not maintainable. [S. 148, 246A, Art. 226]
Sharda Lunkar v. UOI (2022) 445 ITR 285/ 219 DTR 147/ 329 CTR 281 (Gauhati)(HC)S. 147 : Reassessment-Date of issue and service of notice-Digital signature of Authority dated March 31, 2021-Notices Issued through Electronic mode on March 31, 2021 prior to amendment in law from April 1, 2021 and deemed to be served. [S. 148,149, 282, 282A, TOLA Act, 2020, S. 3(1), IT Rules 1962, R 127A(1), Art. 226]
Malavika Enterprises v. CBDT (2022) 445 ITR 651 / 287 Taxman 693 / 218 DTR 153 / 328 CTR 853 (Mad.)(HC)S. 147 : Reassessment-With in four years-Change of opinion-Payment to related parties-Failure to deduct tax at source-Allowed claim without speaking order-Re assessment notice-Not valid. [S. 40A(2)(b), 148, 194C, Evidence Act, 1872 S. 114(e), Art. 226]
LSI India Research and Development P. Ltd. v. Add. CIT (2022) 445 ITR 183 / 214 DTR 330/ 329 CTR 637(Karn.)(HC)S. 147 : Reassessment-Writ-Territorial jurisdiction of High Court-Cause of action-Permanent Account Number Card having Cuttack address-Residential address in Ahmedabad-Amendment of Article 226 in 1976-The validity of the reassessment notice would not be considered by the Gujarat High Court. [S. 148, Code of Civil Procedure, 1908, 20(6), Art. 226(2)]
Bhavendra Hasmukhlal Patadia v. UOI (2022) 445 ITR 410/ 214 DTR 209/ 326 CTR 809 (Guj.)(HC)S. 147 : Reassessment-After the expiry of four years-Capital gains-Change of opinion-No failure to disclose material facts-Notice to with draw the exemption is held to be not valid. [S. 45, 54B, 148, Art. 226]
Kavitaben Jaysukhbhai Zalawadiya v. ITO (2022) 445 ITR 685 (Guj.)(HC)S. 147 : Reassessment-After the expiry of four years-Failure to disclose material facts-Limited scrutiny assessment-Subsequent information by investigation wing-Bogus transaction-Accommodation entries-Reassessment notice is valid. [S. 148, Art. 226]
Ambuj Foods Pvt. Ltd. v. PCIT (2022) 445 ITR 85 / 212 DTR 460/ 326 CTR 352 (All.)(HC)S. 145A : Method of accounting-Valuation-Bank-Stock in trade-Valuation of unquoted securities-Order of Tribunal affirmed.
CIT v. South Indian Bank Ltd. (No. 1) (2022) 445 ITR 480 (Ker.)(HC) CIT v. South Indian Bank Ltd. (No. 2) (2022) 445 ITR 530 / 289 Taxman 643(Ker.)(HC)