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. 153A: Assessment-Search-Admitted as undisclosed income-Not retracted-Order of CIT(A) deleting the addition is set aside. [S. 68]

ACIT v. Greater Kailash Hospital (P) Ltd (2023) 157 taxmann.com 644 (2024) 227 TTJ 398 / 234 DTR 200 / (Indore)(Trib) ACIT v. Dr. Anil Bandi (2023) 157 taxmann.com 644 (2024) 227 TTJ 398 / 234 DTR 200 / (Indore)(Trib) ACIT v. Dr.Raddhika Bandi (2023) 157 taxmann.com 644 2024) 227 TTJ 398 / 234 DTR 200 (Indore)(Trib)

S. 151 : Reassessment-Sanction for issue of notice-No approval is obtained before issue of reassessment notice-Re assessment is quashed as void ab-initio. [S. 147, 148]

Uttarakhand Purv Sainik Kalyan Nigam Ltd. v. ITO (2023) 37 NYPTTJ 1627 / (2024) 227 TTJ 252 / 233 DTR 340 (Dehradun) (Trib)

S. 147: Reassessment-Within four years-Change of opinion-No new tangible material-Performance guarantee-Deposit-Addition was deleted on merits by CIT(A)-Additional legal ground on reassessment is admitted-Reassessment is quashed on the ground of change of opinion. [S. 37, 69, 148, 254(1), ITAT R 1963.R. 27]

ITO v. Bishambhar Dayal Agrawal (2024) 227 TTJ 38 (UO)/ 161 taxmann.com 1063 (Raipur) (Trib)

S. 147: Reassessment-Change of jurisdiction-Notice is issued by the Assessing Officer who had jurisdiction-Later case was decentralized-No objection was raised before the Assessing Officer-Ground of jurisdiction is rejected [S. 120, 124, 127 148, 149, 151, 282, 282A, General Clauses Act, 1897, S. 27]

Creative World Telefilms Ltd. v. Dy.CIT (2024) 227 TTJ 377 / 239 DTR 290 / 38 NYPTTJ 22 (Mum)(Trib)

S.147: Reassessment-After the expiry of four years-Audit objection-Re assessment is valid.[S. 148]

ITO v. K. Murugan (2023) 37 NYPTTJ 861 / (2024) 227 TTJ 121 / 233 DTR 72 (Chennai)(Trib)

S. 143(3): Assessment-limited scrutiny through CASS-Cash credits-The Assessing Officer cannot make addition other than the issue covered under limited scrutiny-CBDT Instruction No. 5 of 2016, dt. 14th July, 2016 [S. 143(2)]

Shivalik Educational & Placement Services (P) LTD. v ACIT (2023) 37 NYPTTJ 1671 /(2024) 227 TTJ 704 / 237 DTR 86 (Delhi)(Trib)

S. 143(3): Assessment-Search-Abatement of assessment-Documents relating to company and directors are seized-Pending assessment is abated-Assessment has to be made under section 153A or 153C-Assessment order is quashed and set a side. [S.68, 132, 153A 153C ]

Kalyanika Infra Mega Ventures (P) Ltd. v. DCIT (2023) 37 NYPTTJ 1600 / (2024) 227 TTJ 14 / 233 DTR 85 / (TM)(Jabalpur)(Trib) Tarun Devcon (P) Ltd v. DCIT (2023) 37 NYPTTJ 1600 / (2024) 227 TTJ 14 / 233 DTR 85 / (TM)(Jabalpur)(Trib)

S. 143(2) : Assessment-Notice-Reassessment-Notice issued beyond time prescribed-Order is null and void.[S. 139(4), 147, 148]

U.S. Roofs Ltd. v. ACIT (2023) 37 NYPTTJ 741 / (2024) 227 TTJ 989 / 234 DTR 183 (Mum)(Trib)

S. 115BBC : Anonymous donations-Determination of tax in certain cases-Charitable and religious purpose-Trust registered under S. 80G can also avail benefit of S. 115BBC(2) (b)-Entitle to benefit.[S.80G, 115BBC(2)(b)]

Dy. CIT v (E) v. Shree Sai Baba Sansthan Trust (Shridi) (2023) 37 NYPTTJ 1500 /(2024) 227 TTJ 633 / 234 DTR 82 / 162 taxmann.com 575 (Mum)(Trib)

S. 92C : Transfer pricing-Arm’s length price-Avoidance of tax-International transaction-Allocation of common expenses-Allocation done by the TPO on the basis of revenues from the two segments is in order-Adjustment on account of payment of customs duty-No adjustment is allowable on account of the fact that the assessee has paid more customs duty than that paid by the comparables-Most appropriate method-TNMM should be applied in respect of international transaction of sale of finished goods.

Ampacet Speciality Products (P) Ltd. v. Dy. CIT (2023) 155 taxmann.com 448 / (2024) 227 TTJ 112 / 233 DTR 31 (Pune)(Trib)