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–Agricultural income-Advisory issued by the department–Verify the income-Undisclosed income-No tangible material-Reassessment is held to be bad in law. [S. 2(IA), 148, Art. 226]

Ravindra Kumar (HUF) @ Rabindra Kumar (HUF) v. CIT (2019) 419 ITR 308/ 266 Taxman 506/ 311 CTR 912 / 184 DTR 315(Patna) (HC)

S. 147 : Reassessment–Alternative remedy–Writ petition was dismissed on the ground that the assessee had availed alternative remedy. [S. 148, 251, Art. 226]

Kisan Agro Mart (P.) Ltd. v. ITO (2019) 103 taxmann.com 374 / 266 Taxman 374 (Bom.)(HC) Editorial: SLP of assessee is dismissed, Kisan Agro Mart (P.) Ltd. v. ITO (2019) 266 Taxman 373 (SC)/ 417 ITR 63 (St.)(SC)

S. 147 : Reassessment–Fishing enquiry–Information from intelligence wing-Builder-Make detailed enquiry-Reassessment is held to be bad in law. [S. 28(i), 148, Art. 226]

Giriraj Enterprises v. ACIT (2019) 174 DTR 409 / 102 taxmann.com 188 (Bom.)(HC)

S. 147 : Reassessment-After the expiry of four years-Outstanding credit balances-No failure to disclose material facts– Reassessment is held to be not valid. [S. 148, Art, 226]

State Bank of India. v. CIT (2019) 418 ITR 485 / 175 DTR 335/103 taxmann.com 164 / 310 CTR 560 (Bom.)(HC).Editorial , PCIT v. SBI (2022)447 ITR 368 / (2023) 290 Taxman 3(SC), affirmed

S. 147 : Reassessment–After the expiry of four years-Information by Investigation wing–Accommodation entries-Pravin Kumar Jain-One of the beneficiary–Reassessment is held to be valid [ S.69, 132(4), 148, 151, Art. 226]

Meghavi Minerals (P.) Ltd. v. CIT (2019) 267 Taxman 1 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Facts was disclosed to the Assessing Officer in the original assessment proceedings–No new material–Reassessment based on change of opinion-Held to be not valid. [S. 12A, 148, Companies Act 1956, S. 25]

CIT v. Pentafour Software Employees’ Welfare Foundation. (2019) 418 ITR 427 / 267 Taxman 46 / 183 DTR 385/ ( 2020) 312 CTR 35 (Mad.)(HC)

S. 144C : Reference to dispute resolution panel–Failure to consider objection-Failure of statutory authority to exercise its jurisdiction and non-application of mind-Amenable to writ jurisdiction-Matter remanded to DRP. [S. 9(1)(vi), Art. 226]

P. D. R. Solutions Fzc. v. DRP (2019) 418 ITR 277 /( 2020) 186 DTR 93/ 313 CTR 160(Delhi)(HC)

S. 143(2) : Assessment–Notice–Limitation-Notice was not issued within prescribed time – Order is barred by limitation. [S. 143(3)]

CIT(IT) v. Cameron Singapore Pte. Ltd. (2019) 418 ITR 272 (Raj.)(HC) Editorial : Order in Cameron Singapore Pte. Ltd v Asst.DIT(IT) (2017) 58 ITR 202 (Trib.)(Jaipur) is affirmed.

S. 142(2A) : Inquiry before assessment–Special audit–Search proceedings-Individual not required to be maintain account statutorily Providing accommodation entries–Order for special audit is held to be justified-Petition also dismissed on the ground of belatedly approaching the Court. [Art. 226]

Tehmul Burjor Sethna. v. ACIT (2019) 418 ITR 596/ (2020) 187 ITR 289/ 313 CTR 614 (Guj.)(HC)

S. 139 : Return of income–Delay in filing revised return-Amalgamation-Sanction of company Law Tribunal is not binding on Income-Tax Authorities-Application for condonation of delay to me made. [S.119, Companies Act, 2013, S. 230(5), Constitution, Art. 226]

ACIT v. Dalmia Power Ltd (2019) 418 ITR 242 (Mad.)(HC) ACIT v Dalmia Cement Power Ltd. (2019) 418 ITR 242 (Mad.) (HC) Editorial : Decision in Dalmia Power Ltd / Dalmia Cement ( Bharat ) Ltd v .ACIT (2019) 418 ITR 221 / 308 CTR 777/ 178 DTR 113/ 265 Taxman 37 (Mad.)(HC) is reversed. Order of High Court is reversed Dalmia Power Ltd v ACIT (SC) CA Nos 949669 of 2019 (Arising out of SLP Nos 19678681 of 2019 dt 18 -12-2019 ) (2019 ) 112 taxmann.com 252/ ( 2020) 269 Taxman 352 / 312 CTR 113/ 420 ITR 339/ 185 DTR 1 (SC) www.itatonline.org .