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-Survey-Information related to third parties-Borrowed satisfaction-Change of opinion-Notice and order disposing the objection were quashed. [S. 133A, 148, Form 15CA, Art. 226]

Gokul Agro Resources Ltd. (through director Jayesh Kanubhai Thakkar) v. Dy. CIT(No. 1) (2025) 474 ITR 555 (Guj) (HC)/Editorial : SLP of revenue dismissed ,the delay of 181 was not satisfactorily explained and also on merits . Dy. CIT v. Gokul Agro Resources Ltd. (2025) 476 ITR 160/304 Taxman 425 (SC)

S. 147 : Reassessment-After the expiry of four years-Agricultural land-Capital gains-Adventure in the nature of trade-No new material-Re assessment notice and order disposing the objection were quashed. [S. 2(14)(iii)(b),28(i), 45, 143(3), 148, Art. 226]

Dinesh Singla v. ACIT (2025) 474 ITR 532 (P & H)(HC)

S.147: Reassessment-After the expiry of four years-Share capital-Parent company-Source explained-Re assessment notice and order disposing objection quashed..[S. 68, 143(1), 143(3), 148, Art. 226]

Experion Hospitality Pvt. Ltd v. ITO (2025) 474 ITR 358 (Delhi)(HC)

S.147: Reassessment-After the expiry of four years-Business of purchase and sale of shares-Set-off-Speculation loss-Business loss-Query raised-Audit objection-Change opinion-Notice and order disposing the objection was quashed. [S.28(i), 73, 148, Art. 226]

BSIFS Pvt. Ltd. v. ACIT [2024] 161 taxmann.com 443 / (2025) 474 ITR 200 (Bom)(HC) Editorial : SLP of revenue dismissed, ACIT v BSIFS Pvt. Ltd.(2025) 474 ITR 208 (SC)

S.147: Reassessment-After the expiry of four years-Business of purchase and sale of shares-Set-off-Speculation loss-Business loss-Query raised-Audit objection-Change opinion-Notice and order disposing the objection was quashed-SLP of revenue dismissed. [S.28(i), 73, 148, Art. 136]

ACIT v BSIFS Pvt. Ltd.(2025) 474 ITR 208 (SC) Editorial : BSIFS Pvt. Ltd. v. ACIT (2025) 474 ITR 200 (Bom)(HC)

S. 144B : Faceless Assessment-Limitation-Commencement of limitation period-Directions of DRP uploaded on 31-1-2022 in Income-tax Business Application portal-Order visible and accessible to AO on same date-AO cannot rely on later internal intimation dated 3-2-2022-Assessment completed on 22-3-2022 held barred by limitation.[S.143(3), 144B(3), 144C(13), 260A]

CIT v. Ramco Cements Ltd. (2025) 474 ITR 9 / 171 taxmann.com 306 (Mad)(HC)

S.143(3):Assessment-Reassessment-Alternative remedy-Writ petition dismissed.[S. 147, 148, 246A, Art. 226]

Mahesh Chander Sharma v.NFAC (2025) 474 ITR 528 (P & H) (HC)

S. 143(3): Assessment-Jurisdiction-Notices-Assessing Officer or prescribed authority-Powers of Central Board of Direct Taxes to prescribe authority not confined to authorising Income-tax Officers of National Faceless Assessment Centre alone as prescribed authority-Notification issued by Central Board of Direct Taxes authorising Assistant Commissioner or Deputy Commissioner (IT), Circle-1(1)(1)-Notice were within jurisdiction. [S.119, 142(1) 143(2), ITAT R, 1962, R. 12E.Art. 226]

Ambience Farms Pvt. Ltd v. ACIT (2025) 474 ITR 209 (Delhi)(HC) Editorial : SLP of assessee dismissed, Ambience Farms Pvt. Ltd v. Asst. CIT (2025I 474 ITR 214 (SC)

S. 143(3): Assessment-Jurisdiction-Notices-Assessing Officer or prescribed authority-Powers of Central Board of Direct Taxes to prescribe authority not confined to authorising Income-tax Officers of National Faceless Assessment Centre alone as prescribed authority-Notification issued by Central Board of Direct Taxes authorising Assistant Commissioner or Deputy Commissioner (IT), Circle-1(1)(1)-Notice were within jurisdiction-SLP dismissed. [S.119, 142(1) 143(2), ITAT R, 1962, R. 12E. Art. 136]

Ambience Farms Pvt. Ltd v. Asst. CIT (2025I 474 ITR 214 (SC) Editorial : Ambience Farms Pvt. Ltd. v. ACIT, (2025) 474 ITR 209 (Delhi)(HC)

S. 139 : Return of income-Delay in filing return-Refunds-Computation of limitation period-CBDT Circular No. 9/2015, para 6 [2015] 374 ITR (St.) 25)-Order rejecting the application was set aside. [S. 139(9), 237, 240, 245, Art. 226]

PCIT v. Vivek Krishnamoorthy, (2025) 474 ITR 506 / 175 Taxmann.com 681 (Karn) (HC) Editorial: Order of Single Judge in Vivek Krishnamoorthy v. PCIT (2024) 469 ITR 605 (Karn) affirmed.