S. 148 : Reassessment-Notice-Not served on last known address-Participating in reassessment proceedings would not constitute waiver of jurisdictional issue-Order of High Court is affirmed-SLP of Revenue is dismissed due to low tax effect. [S. 147, Art. 136]
PCIT v. Atlanta Capital (P.) Ltd. (2024) 297 Taxman 379 /464 ITR 346/ 336 CTR 748 (SC) Editorial :PCIT v. Atlanta Capital (P) Ltd (2020) 119 taxmann.com 292/ (2024) 464 ITR 341 (Delhi)(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. 147 :Reassessment-Cash credits-Cash deposited-Demonetisation-Personal hearing was granted-Replies considered-Writ petition is dismissed. [S. 68, 142(1) 143(3), 148, Art. 226]
Oroth Scaria Bobby v. UOI (2024) 297 Taxman 296/ 468 ITR 268 (Ker.)(HC)S. 147 : Reassessment Cash credits-Addition was deleted by CIT(A)-No incriminating material was found-Reassessment Notice is quashed.[S.68, 132,148, 153A]
PCIT v. Gautam Bhalla (2024) 297 Taxman 94 (Delhi)(HC)S. 147 : Reassessment-After the expiry of four years-Payment to sub-contract charges-No failure to disclose material facts-Reassessment notice and order disposing the objection is set aside.[S. 37(1), 143(3), 148, Art.226]
Infosys Ltd. v. ACIT (2024) 297 Taxman 101 (Karn.) (HC)S. 147 : Reassessment-After the expiry of four years-Form No 10 for accumulation of income was filed late but before completion of assessment-Order passed allowing the accumulation-Reassessment notice and order disposing the objection is quashed. [S.11(2),12A 12148, Form No 10, R. 17, Art.226
Maa Bhagwati Shiksha Samiti v. CIT (2024) 297 Taxman 358 /336 CTR 91 (All.)(HC)S. 147 : Reassessment-After the expiry of four years-Deemed dividend-Loans to director of associated company-No failure to disclose material facts-Reassessment notice and order disposing the objection is quashed. [S.2(22)(e), 148, Art. 226]
Cygnet Infotech (P.) Ltd. v. ACIT (2024) 297 Taxman 17 (Guj.)(HC)S. 147 : Reassessment-After the expiry of four years-Industrial undertakings-Infrastructure development-Port facility-Compensation in respect of damages to wharf-Change of opinion-Reassessment notice and order disposing the objection is quashed.[S.80IA, 148, Art. 226]
Chennai Container Terminal (P.) Ltd. v. ACIT (2024) 297 Taxman 405 /463 ITR 574 (Bom.)(HC)S. 147 : Reassessment-Double taxation avoidance agreements-Tax Residency Certificate granted by another country-Binding on Income-Tax Authorities in India-Notice of reassessment is not valid-DTAA-India-Singapore-Notice issued in SLP filed by the Revenue-SLP granted to the Revenue. [S. 90(2), 133(6), 148, Art. 13(4) Art. 136]
ACIT v. Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd (2024) 297 Taxman 223 (SC) ACIT v. Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd (2024) 297 Taxman 387 (SC) Editorial : Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd. v ACIT (IT) (2023)452 ITR 111/ 331 CTR 1/222 DTR 265 / 146 taxmann.com 569 (Delhi)(HC)S. 147 : Reassessment-With in four years-corporate social responsibility expenses-Reopening was without application of mind-Reassessment notice and order disposing the objection is quashed-SLP of Revenue is dismissed, [S. 148, Companies Act, 2013, S. 135 Art.136]
ACIT v. Adani Power Maharashtra Ltd. (2024) 297 Taxman 394 / 460 ITR 729 (SC) Editorial : Adani Power Maharashtra Ltd v. ACIT (2023) 294 Taxman 414 (Guj)(HC)S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Reassessment is barred by limitation-SLP of Revenue is dismissed. [S. 145, 148 Art. 136]
ACIT (OSD) v. Durr India (P.) Ltd. (2024) 297 Taxman 58 (SC) Editorial : Durr India (P.) Ltd v. ACIT (2023) 152 taxmann.com 303/ 455 ITR 460 (Mad)(HC)