S. 153A: Assessment-Search-Electronic device in the form of a hard drive extracted from the computer of the assessee-Reappreciation of evidence-No substantial question of law.[S. 68, 132, 260A]
CIT v. Goldstone Cements Ltd. (2024) 336 CTR 448 (Gauhati)(HC)
Digest of case laws
Online digest of latest case laws
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. 153 : Assessment-Reassessment-Limitation-Time barred assessment-Refund-Remand by Tribunal-Assessing Officer is directed to accept the return of income as available on record and pass the consequential orders. [S. 139, 153(2A), 153(3)]
Indian Renewable Energy Development Agency Ltd. v. PCIT (2024) 336 CTR 651 (Delhi) (HC)S. 149 : Reassessment-Time limit for notice-Search-There is no restriction of time period for issuance of notice under S. 148-Petition is dismissed. [S.132, 132A, 148, 149(1), 153A, 153C, Art. 226]
Nitin Sharma v. PCIT (2024) 336 CTR 126 (MP)(HC)S. 149 : Reassessment-Time limit for notice-Amount is less than 50 lakhs-Notice issued beyond three years-Order is barred by limitation. [S.148, 148A(b), 148A(d), Art. 226]
Bijendra Singh v. PCIT (2024) 336 CTR 819 (Raj) (HC)S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Supply of information-Information/description has been given to the assessee-Writ petition is dismissed. [S. 148, 148A(b), 148A(d), Art.226]
Chaturbhuj Gattani v. ITO (2024) 336 CTR 369 (Raj) (HC) Saroj Gattani v. ITO (2024) 336 CTR 369 (Raj) (HC)S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principle of natural justice-Opportunity of hearing-Order and notice is set aside.[S. 148, 148A(b), 148A(d), Art. 226]
Asamannoor Service Co-Operative Bank Ltd. v. ITO (2024) 336 CTR 631 (Ker)(HC) Editorial : Affirmed by Division Bench, ITO v. Asamannoor Service Co-operative Bank Ltd (2024)160 taxmann.com 681 / 336 CTR 625 (Ker) (HC)S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Show cause notice-Principle of natural justice-Service of show cause notice by itself did not tantamount to a discharge of obligation to provide assessee with an opportunity of being heard-Opportunity to be effective must include a right to a personal hearing as well-Order of Single Judge is affirmed. [S. 148A(b), 148A(d), 148, Art. 226]
ITO v. Asamannoor Service Co-operative Bank Ltd (2024)160 taxmann.com 681 / 336 CTR 625 (Ker) (HC) Editorial : Asamannoor Service Co-operative Bank Ltd v. ITO (2024) 336 CTR 631 (Ker)(HC) is affirmed.S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternative remedy-Finding of fact-Alternative remedy-Writ petition is dismissed. [S. 148A(b), 148A(d), 148, Art. 226]
Ananda Bag Tea Company Ltd. v. UOI(2024) 336 CTR 827/ 234 DTR 236 (Cal)(HC) Editorial : Ananda Bag Tea Company Ltd. v. UOI (2024)160 taxmann.com 675 / (2024) 336 CTR 824 (Cal) (HC), Division Bench affirmed the order of Single Bench.S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternative remedy-Appeal is dismissed-Order of single judge is affirmed.[S. 148A(b), 148A(d), 148, 246A, Art. 226]
Ananda Bag Tea Company Ltd. v. UOI (2024)160 taxmann.com 675 / 336 CTR 824 (Cal) (HC) Editorial : Ananda Bag Tea Company Ltd. v. UOI (2024) 336 CTR 827/ 234 DTR 236 (Cal)(HC), order of Single Bench is affirmed.S. 148 : Reassessment-Notice-Monetary limits-Appeal of Revenue is dismissed on account of low tax effect. [S. 268A, Art. 136]
PCIT v. Atlanta Capital (P) Ltd. (2024) 336 CTR 748 (SC) CIT v. Chetan Gupta (2024) 336 CTR 748 (SC) Editorial: CIT v. Chetan Gupta (2015) 126 DTR 401 (Delhi)(HC)