S. 153A: Assessment-Search-Assessment of undisclosed income-Procedure to be followed-No pendency of proceedings-Order of Tribunal is affirmed. [S. 132]
Asst. CIT v. Satish Kumar Keshri (2023) 156 taxmann.com 547 / (2024)460 ITR 480 (Pat)(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. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Provided opportunity of hearing-Reply considered-Petition is dismissed. [S.148, 148A(b), 148A(d), Art. 226]
Nitin Agarwal v. ITO (NO. 1) (2024)460 ITR 321 (Cal)(HC) Editorial : Division bench set aside the order of single judge, Nitin Agarwal v. ITO (NO. 2) (2024)460 ITR 323 (Cal)(HC)S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principle of natural justice-No adequate opportunity to respond to notice-Notice of reassessment is quashed-Opportunity to respond the notice. [S. 148, 148A(b), Art. 226]
Shanmugasundaram Ravichandran v. ACIT (2024)460 ITR 247 /161 taxmann.com 212(Mad)(HC) Shanmugasundaram Rangasamy v.ACIT (2024)460 ITR 247 /161 taxmann.com 212(Mad)(HC) New Arcot Plywoods and Glasses v. ACIT (2024)460 ITR 247 /161 taxmann.com 212(Mad)(HC)S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Charitable purpose-Registration-Reassessment proceedings for earlier years cannot be initiated on ground of non-registration-SLP of Revenue dismissed. [S.11, 12 12A(2), 147, 148, 148A(b), Art. 136]
Asst. CIT (E) v. Prem Chand Markanda Sd College For Women (2024)460 ITR 495 /297 Taxman 64 (SC) Editorial : Refer, Prem Chand Markanda Sd College for Women v. ACIT (E) (2023) 455 ITR 329/334 CTR 582 (P& H)(HC)S. 148 : Reassessment-Notice-After the expiry of four years-Order passed by Designated Authority under Kar Vivad Samadhan Scheme, 1998 determining tax arrears-Assessing Officer has no jurisdiction to issue notice for reopening assessment thereafter-No material furnished in declaration shown to be false-Reassessment is without jurisdiction. [S. 147, Finance (No. 2) Act, 1998, S.90, 91, Kar Vivad Samadhan Scheme, 1998, [1998] 232 ITR (St.) 31), Art. 226]
Citibank N. A. v. S. K. Ojha, Joint CIT [2023] 151 taxmann.com 234 / (2024)460 ITR 310 (Bom)(HC)S. 147: Reassessment-Investment-No evidence that investment is bogus-Order of Tribunal quashing the reassessment is affirmed. [S. 68, 148]
PCIT v. Jaico Realtors Pvt. Ltd [2023] 151 taxmann.com 159 / (2024)460 ITR 516 (Karn)(HC)S. 147 : Reassessment-Notice is sent to old address-Intimation is sent to new address-Objection was raised before the Assessing officer-Notice is improperly served-Section 292BB is not applicable-Failure to issue notice under section 143(2)-Reassessment is bad in law.[S. 142(1), 143(2), 148, 292BB]
PCIT v. Dart Infrabuild Pvt. Ltd. (2024)460 ITR 532 (Delhi)(HC)S. 147 : Reassessment-After the expiry of four years-Audit objection-Reply by the Assessing Officer-Change of opinion-Reassessment notice and order disposing the objection. is quashed.[S. 32AC, 143(3), 148, Art. 226]
DCW Ltd. v. ACIT (2024)460 ITR 357 (Bom)(HC)S.147: Reassessment-After the expiry of four years-Change of opinion-Amalgamation-Set-Off of loss and unabsorbed depreciation in amalgamation-Audit objection not accepted-Notice and order rejecting objections is set aside. [72A(4), 143(3), 148, Art. 226]
Bennett Coleman and Co. Ltd. v. Dy. CIT [2022] 145 taxmann.com 228 / (2024)460 ITR 345 (Bom)(HC)S. 147: Reassessment-Audit objection-Notice based on audit objection-Special Leave petition dismissed. [S. 148, Art. 136]
Asst. CIT v. Adani Power Maharashtra Ltd. (2024)460 ITR 729/297 Taxman 394 (SC) Editorial: Adani Power Maharashtra Ltd v. Asst.CIT(2024) 460 ITR 720 (Guj)(HC)