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. 148 : Reassessment-Notice-After the expiry of four years-Sanction taken from Additional Commissioner-Not valid-Notice and order is quashed-Taxation And Other Laws (Relaxation And Amendment Of Certain Provisions) Act, 2020. [S. 147, 151(1), 151(2), Art. 226]

Johnson and Jonson Pvt. Ltd. v Dy. CIT (2023)457 ITR 629 (Bom)(HC)

S. 148 : Reassessment-Notice-Amalgamation-Intimated to the Assessing Officer-Notice issued to non-existent company-Notice is quashed.[S. 147, Art.226]

Gauriputra Estate Holders Pvt. Ltd. v. UOI (2023)457 ITR 691 (Guj)(HC)

S. 148 : Reassessment-Notice-After the expiry of four years-Sanction-Limitation-Approval by additional commissioner is not valid-Approval ought to be given by Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner-Notice is quashed-Provisions of Relaxation Act is applicable only cases expiring on 31-3 20200-Limitation expiring on 31-3 2022-Provisions of Relaxation Act is not applicable-[S. 147, 148 151(1), 151(2), Art.226]

Equitable Financial Consultancy Services Pvt. Ltd. v. ITO (2023)457 ITR 644 (Bom)(HC)

S. 148 : Reassessment-Notice-After the expiry of four years-Sanction of Joint Commissioner-Notice and consequent proceedings invalid. [S. 151, Art. 226]

DCW Ltd. v. ACIT (2023)457 ITR 632 (Bom)(HC)

S. 148 : Reassessment-Notice-Order passed ignoring stay order of High Court-Order is held to be not valid.[S. 147, Art. 226]

Cluster Overseas Pvt. Ltd. v.. ITO (2023)457 ITR 422/ 146 taxmann.com 50 (Delhi)(HC)

S. 147 : Reassessment-Reassessment based on materials discovered in the assessment year 2014-15-Alternative remedy-Writ petition is dismissed. [S.92CA, 144C, 148,151, Art. 226]

HSBC Holdings Plc. v. Dy. CIT (2023)457 ITR 316/ 150 taxmann.com 221/ 335 CTR 427 (Telangana)(HC)

S. 147 : Reassessment-Accommodation entries-Long term capital gains-Difference between reasons for issue of notice recorded and given to assessee-Order of Tribunal quashing the reassessment notice is affirmed.[S. 10(38, 45, 148, 260A 263]

PCIT v. Badal Prakash Jindal (HUF) (2023)457 ITR 345/293 Taxman 350/ 334 CTR 164 (Orisa)(HC) PCIT v. Binoy Kumar Jindal (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC) PCIT v. Binoy Kumar Jindal (HUF) (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC) PCIT v. Bulbul Agarwal (2023)457 ITR 345/293 Taxman 350 (Orisa)(HC)

S. 147 : Reassessment-After the expiry of four years-Accommodation entries-No failure to disclose material facts-Notice and order disposing the objection is quashed.[S. 148, Art.226]

Vijay Ramanlal Sanghvi v. ACIT (2023)457 ITR 791 /146 taxmann.com 55 (Guj)(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. 148, Art. 226]

AIM Fincon Pvt. Ltd. v. ACIT (2023)457 ITR 737 (Guj)(HC). Editorial : Asst. CIT v. AIM Fincon Pvt. Ltd. (2024)468 ITR 110 (SC), SLP of Revenue is dismissed as the delay of 429 days in filing SLP are neither satisfactory nor sufficient .

S. 144B : Faceless Assessment-Principle of natural justice-Must be given an opportunity of being heard. [S. 143(3),144B(1)(xi))(b), 144B(9), Art. 226]

Sun Glory Education Foundation v. NFAC(2023)457 ITR 771/156 taxmann.com 390 (Guj)(HC)