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 – Penny stock – Information from DIT (Inv)- Capital gains- Assessing Office had made independent enquiries – Reassessment is held to be justified [ S. 10(38), 45 , 148, Art, 226 ]
Bhanuben Mansukhlal Khimashia v. ITO (2021) 281 Taxman 504/ (2022) 213 DTR 44/ 326 CTR 443 (Guj.)(HC)
S. 147 : Reassessment – Cash credits – Objections not properly dealt with by Assessing Officer – Order passed without application of mind – Matter remanded to the Assessing Officer [ S.168, 148 , Art , 226 ]
Ashish Bohra v. ITO (2021) 439 ITR 465 / 281 Taxman 383 (Guj.)(HC)
S. 147 : Reassessment-Transfer pricing – Credit for withholding tax -Limitation is held to be not applicable – Reassessment is held to be valid [ S. 90, 92CA, 92E, Art , 226 ]
Aban Offshore Ltd v. Addl. CIT (2021) 436 ITR 249/ 281 Taxman 369 / 207 DTR 14/ ( 2022 ) 324 CTR 182 (Mad.) (HC)
S. 144C : Reference to dispute resolution panel – Pendency of objections to draft assessment order – Final assessment order is held to be without jurisdiction . [ S. 143 (3) , 144C(3) ]
SRF Ltd v. National Faceless Assessment Centre (2021) 281 Taxman 574 / 204 DTR 153 / 322 CTR 837 (Delhi) (HC)
S. 144C : Reference to dispute resolution panel – Final assessment order without first passing a draft assessment order- Order was set aside [ Art , 226 ]
Volex Interconnect (India) (P) Ltd v. ACIT (2021) 281 Taxman 269 (Mad.) (HC)
S. 144B : Faceless Assessment –Natural justice – Order passed making some variations without passing draft assessment order and affording opportunity of hearing- Order was set aside [S.143 (3), Art , 226 ]
YCD Industries v. National Faceless Assessment Centre, Delhi . (2021)437 ITR 119/ 202 DTR 146/ 321 CTR 106/ 281 Taxman 475 (Delhi) (HC)
S. 144B : Faceless Assessment – Natural justice -Order was passed without issuing show cause notice-cum-draft assessment- Order was set aside [ S.143 (3) 156, 270A ,271AAC, Art , 226 ]
Toplight Corporate Management (P) Ltd v. National Faceless Assessment Central, Del. (2021) 281 Taxman 451 (Delhi) (HC)
S. 144B : Faceless Assessment – Natural justice – Request for an adjournment was refused – Order passed and notices for initiating penalty proceedings were to be set aside.[ S. 143(3) , 156 , 270A, Art , 226 ]
Sudhir Desh Ahuja v. National Faceless Assessment Centre (2021) 281 Taxman 279 / 205 DTR 149 / (2022)) 324 CTR 573Delhi) (HC)
S. 144B : Faceless Assessment – Natural justice -Order passed without issue of show cause notice -cum draft assessment order – Order was set aside .[ S. 143(3) , 156 , 270A, Art , 226 ]
Smart Vishwas Society v. National Faceless (2021) 281 Taxman 226 (Delhi) (HC)
S. 144B : Faceless Assessment – Natural justice -Order was passed without affording an opportunity of personal hearing – Order was set aside [ S 57 ,92C, 143 (3) , Art , 226 ]
Sanjay Aggarwal v. National Faceless Assessment Centre, Del. (2021)436 ITR 180/ 203 DTR 73/ 321 CTR 145/ 281 Taxman 282 (Delhi) (HC)