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-Death of assessee-Failure to respond to notices issued on Department’s Website-Legal representative directed to respond notices with supporting documents-Matter remanded to Assessing Officer for passing fresh order on merits. [S. 69,115BBE, 142(1), 147, Art. 226]

Kajal S. Jain v. ITO (2023)459 ITR 365 /(2024) 158 taxmann.com 212 (Mad)(HC)

S. 147 : Reassessment-With in four years-Query raised-Issue considered during original assessment proceedings-Notice and order disposing the objection is quashed. [S. 2(22)(a), 50C, 148, Art. 226]

Bakhtawar Construction Co. Pvt. Ltd. v. Dy. CIT (2023) 459 ITR 402 / 335 CTR 481/ (2024) 296 Taxman 476 (Bom) (HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Notice must specify facts which had not been disclosed-Notice not valid.[S.143(3), 148, Art. 226]

Noshir Darabshaw Talati v. ACIT (2023)459 ITR 742 /150 taxmann.com 16 (Bom)(HC) Editorial : SLP granted, ACIT v. Noshir Darabshaw Talati (2024) 159 taxmann.com 390/ 297 Taxman 390 (SC)

S. 147 : Reassessment-After the expiry of four years-Capital gains-Not discussed in the assessment order-No failure to disclose material facts-Notice based on assessment records-Reassessment is not valid.[S.45, 148]

Shriprakash Ramshringar Pandey v. ITO (2023)459 ITR 461 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Change of opinion-Notice and order disposing the objection is quashed. [S.35(2AB), 36(1)(vii),37(1),115JB, 147, 148, Art. 226]

Astec Lifesciences Ltd. v. ACIT (2023)459 ITR 595 /155 taxmann.com 284 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Notice not valid-SLP of Revenue is dismissed.[S. 148, Art. 136]

ACIT v. Meer Gems (2023)459 ITR 1 /154 taxmann.com 406/ 294 Taxman 606 (SC) Editorial :Refer Meer Gems v. Asst.CIT (2022) 446 ITR 754/287 Taxman 689 (Bom)(HC)

S. 144C : Reference to dispute resolution panel-Faceless assessment-Limitation-Draft assessment order-Reference To Objections to Dispute Resolution Panel-Directions From Dispute Resolution Panel-Failure to follow procedure is not merely procedural irregularity but illegality-Final order passed two years after receipt of directions from Dispute Resolution Panel-Assessment order time-barred-Original return of income to be accepted-Direction to refund excess of legitimate tax.- Court directed the Revenue to take strict action against persons responsible for the laxity and lethargy displayed by which caused a huge loss to the exchequer and in turn to the citizens of this country – Copy of the order is forwarded to CBDT, Principal Secretary , Ministry of Finance , Government of India . [S. 144C(1) 144C(2)(b), 144C(5), 144C(10), 144C(13), Art. 226]

Vodafone Idea Ltd. v. CPC (2023)459 ITR 413 /156 taxmann.com 258 /(2024) 336 CTR 157 (Bom)(HC)(Bom)(HC)

S. 144C : Reference to dispute resolution panel-Assessment-Limitation-Directions issued by Dispute Resolution Panel binding on Assessing Officer-Final order to be passed in conformity with directions within one month-Order is barred by limitation.[S. 143(3), 144C (13)]

PCIT v. Flextronics Technologies (India) Pvt. Ltd. (2023)459 ITR 493/148 taxmann.com 123 (Karn)(HC)

S. 143(3) : Assessment-Valuation Of Closing Stock-Arithmetical error in quantitative analysis of consumption of finished leather-Order of Tribunal is set aside. [S. 254(1)]

Sidhant Leather Exports Pvt. Ltd. v. CIT (NO. 1) (2023)459 ITR 315 (Cal)(HC)

S. 143(3) : Assessment-Failure to give reasonable time to reply-Violation of principle of natural justice-Order and notice of demand is set side. [S. 142(1), 144, Art. 226]

Aphv India Investco. Pvt. Ltd. v. ACIT (2023)459 ITR 428/(2024) 158 taxmann.com 544/ 338 CTR 20 (Delhi)(HC)