S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Limitation-Extension of time limit for issuance of notice until 30-6-2021-Income escaping beyond 50 lakhs-Notice not barred by limitation. [S. 147, 148, 148A(b), 148A(d),149, Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020, S. 3. Art. 226]
Salil Gulati v. ACIT (2023)455 ITR 24/ 150 taxmann.com 49 (Delhi)(HC) Editorial: SLP dismissed, Salil Gulati v. Asst. CIT (2023)455 ITR 29/ 293 Taxman 75 (SC)
Digest of case laws
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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-Limitation-Extension of time limit for issuance of notice until 30-6-2021-Income escaping beyond 50 lakhs-Notice not barred by limitation-SLP dismissed. [S. 147, 148, 148A(b), 148A(d),149, Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020, S. 3. Art. 136]
Salil Gulati v. Asst. CIT (2023)455 ITR 29/ 293 Taxman 75 (SC) Editorial : Salil Gulati v. ACIT (2023)455 ITR 24/ 150 taxmann.com 49 (Delhi)(HC), affirmed.S. 148 : Reassessment-Notice-Amalgamation-Company ceased to exist-Department restrained from proceeding-Batch identical challenge pending before Court. [S. 147,148A, Art.226]
Lecoanet Hemant India Pvt. Ltd. v. PCIT (2023)455 ITR 508 (Delhi)(HC)S. 148 : Reassessment-Notice-Amalgamation-Intimation was given to Income-Tax Authorities-Notice in the name of company which had ceased to exist-Not valid. [S. 142(1), 147, Art. 226]
Kunvarji Fincorp Pvt. Ltd. v. Dy. CIT (NO. 1) (2023)455 ITR 409 / 293 Taxman 183 (Guj)(HC)S. 147 : Reassessment-Opportunity of hearing is given and submission is considered-Writ petition is dismissed. [S. 148, Art. 226]
Viswabharathi Medicals v ITO (2023)455 ITR 765/ 330 CTR 445/ 221 DTR 309 (Ker)(HC)S. 147 : Reassessment-Notice-Not specifying exact amount of income chargeable to tax which had escaped assessment-Reassessment order and consequential order and notices are set aside-Opportunity must be given before passing the order. [S. 144, 147, 148, 156, 226, 271(1)(b), 271(1)(c), 271F, Art. 226]
Swarovski India Pvt. Ltd. v CIT (2023)455 ITR 656 (Delhi)(HC)S. 147 : Reassessment-Failure of service of notice-Technological glitch in Web portal-Matter relegated to authority from stage of issue of notice. [142(1), 144B, 147, 148, Art. 226]
S. P. Developers v.Add. CIT (2023)455 ITR 428/149 taxmann.com 158 (Guj)(HC)S. 147 : Reassessment-Faceless Assessment-Alternative remedy-Writ is not maintainable. [S. 144B, 148, 246A Art. 226]
Geekay Millennium Company v. UOI (No. 1) (2023)455 ITR 531 (Chhattisgarh) (HC) Editorial: Geekay Millennium Company v. UOI(No.2) (2023)455 ITR 574 (Chhattisgarh)(HC), affirmed.S. 147 : Reassessment-Faceless Assessment-Alternative remedy-Writ is not maintainable. [S. 144B, 148, 246A Art. 226]
Geekay Millennium Company v. UOI(No.2) (2023)455 ITR 574 (Chhattisgarh)(HC) Editorial: Decision of the single judge in Geekay Millennium Company v. UOI (No.1) (2023)455 ITR 231 (Chhattisgarh)(HC), affirmed.S. 147 : Reassessment-Sale transaction need to be verified-Reason to suspect-Notice is not valid. [S. 148, 260A]
PCIT v. Maheshwari Devi (2023)455 ITR 755 /146 taxmann.com 550(Jharkhand)(HC)