S. 153A: Assessment-Search-No incriminating documents-Loose sheet-Not estimate actual expenditure-Addition is not valid-Protective addition-Addition is confirmed in the assessment of director-No protective addition can be made in the assessment of the Company.
Mewar Hospital (P) Ltd. v. ACIT (2023) 37 NYPTTJ 1438/ (2024) 227 TTJ 145 (Jodhpur)(Trib)
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. 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)