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. 148 : Reassessment-Notice-Deceased-Notice for reopening of assessment of a dead person is null and void.[S. 148, Art. 226]

Urmila Saxena v. CBDT (2024) 297 Taxman 318 (MP)(HC)

S. 148 : Reassessment-Notice-Neither revised return is filed in response to notice nor informed to the Assessing Officer to treat the original return in response to notice under section 148-Not entitle to challenge on the ground that recorded reason was not provided. [S.143(2), 144, 147, Art. 226]

Swapna Manuel v. ACIT (2024) 297 Taxman 573 /465 ITR 769 (Mad.)(HC)

S. 148 : Reassessment-Amalgamation-Notice issued to non existing company-Non-est and void-SLP against the order of High Court is dismissed. [S. 147, Art. 226]

Dy. CIT v. Sterlite Technologies Ltd. (2024) 297 Taxman 134/462 ITR 462 (SC) Editorial: Sterlite Technologies Ltd. v. Dy. CIT(2023) 152 taxmann.com 381/(2024) 462 ITR 157 (Bom)(HC)

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)

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)