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. 144B : Faceless Assessment-Order was passed within short period of two days from issuance of notice-Violation of principle of natural justice-Assessment order was quashed and set aside.[143(3), Art. 226]
Rahim Saib Hiryaur Hyder Ali v.NFAC (2023) 457 ITR 253/291 Taxman 175 (Karn)(HC)
S. 144B : Faceless assessment-Vested right to personal hearing-If it has been requested for-Order was quashed and set aside. [S. 144B(7)(viii), Art. 226]
DLF Emporio Ltd v. NFAC (2023) 291 Taxman 455 (Delhi)(HC)
S. 144 : Best judgment assessment-Principle of natural justice-Order set aside. [S. 144B, Art. 226]
Sudhakar v. ACIT (2023) 291 Taxman 183 (Karn.)(HC)
S. 143(3) : Assessment-Jurisdictional issue-Notice issued by an authority who had no jurisdiction at relevant time-Participated in the proceedings-Issue of notice under section 143(2) is not procedural irregularity-Order of Tribunal quashing the order was up held. [S. 143(2), 292BB]
PCIT v. Cosmat Traders (P.) Ltd. (2022) 291 Taxman 6 (Cal)(HC) Editorial: Order of Tribunal in Cosmat Traders (P) Ltd v. ITO (2021) 189 ITD 504 (Kol)(Trib) is affirmed.
S. 143(2) : Assessment-Notice-Fringe benefits tax-Notice issued after six months from end of relevant financial year-Order of Tribunal quashing the assessment order was affirmed.[S. 115WE, 158BC]
PCIT v. GJ Trading (P.) Ltd. (2023) 291 Taxman 152 (Telangana)(HC)
S. 119: Central Board of Direct Taxes-Application for condonation-Return-Bonafide reasons-Delay in filing of return was condoned-Allowed to file the return within specified time. [S.119(2b), 139(1), Art. 226]
Combined Tracom (P.) Ltd. v. UOI (2023) 291 Taxman 9 (Karn)(HC)
S. 92B : Transfer pricing-Corporate guarantee-Overseas Associated Enterprises-Matter remanded by the Tribunal-Amendment made to provisions of section 92B, by the Finance Act,2012 with retrospective effect from 1-4-2002-Order of High Court which affirmed the order of tribunal is affirmed-SLP of the assessee is dismissed [S.92C, Art. 136]
Jubilant Pharmova Ltd v. Add.CIT (2023) 291 Taxman 439 (SC) Jubilant Pharmova Ltd v. Add.CIT (2023)458 ITR 172 / 291 Taxman 527 (SC) Editorial: Refer Jubilant Pharmova Ltd v. Add.CIT (2023) 146 taxmann.com 319 (All)(HC). Jubilant Pharmova Ltd v. Add.CIT (2023) 146 taxmann.com 222 /458 ITR 170 (All)(HC).
S. 89 : Relief for income-tax-Arrears or advance of salary-Order of High Court decision was not available when the order was passed-Order of High Court was available subsequently-Entitle for the relief.[.S.10(10C), 264, Art, 226]
N.S.R Murthy v. CIT (2023) 291 Taxman 580 / 333 CTR 869(Telangana) (HC)