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S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash deposits–Cash was withdrawn and redeposited in the bank account-No tangible material-Reassessment notice is held to be bad in law.[S.148, 148A(b), 148A(d), Art. 226]
Dinesh Kumar Goyal, HUF v. ITO (No. 2) (2024) 461 ITR 113 (Cal)(HC)/Editorial : Refer , Dinesh Kumar Goyal, HUF v . ITO .(No. 1) (2024)461 ITR 111 / 161 taxmann.com 584 (Cal)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Mere failure to file reply cannot be the ground to issue notice u/s 148-Even in ex-parte order, the authority has to record reasons for coming to a conclusion as to why the case has been taken out for re-opening of the assessment-Matter restored to the Assessing Officer to the stage of notice u/s. 148A(b) of the Act. [S. 148, 148A(b), 148A(d) Art. 226]
GSP Piling Constructions (P.) Ltd. v ACIT (No 2) (2023) 156 taxmann.com 665 (2024) 461 ITR 59 / 296 Taxman 524(Cal)(HC)/GSP Piling Constructions (P.) Ltd. v ACIT (No 1)(2024) 461 ITR 45 ( Cal)( HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Violation of principles of natural justice-Notice and order is quashed-The Assessing Officer may proceed to issue notice as per law by providing a reasonable opportunity of hearing to the assessee [S. 148A(b), 148A(d), Art. 226]
Gubbi Chandananda Jagadeesh v. NFAC (2024) 461 ITR 10 (Karn)(HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Disputed question of facts-Beneficiaries of cash transactions-Writ petition is dismissed.[S.69C,132, 148A(b) 148A(d), 269D, 269SS, Art. 226]
Shyam Sundar Dhanuka v. UOI (2023) 156 taxmann.com 499 (2024) 461 ITR 25 (Cal)(HC) Editorial : Shyam Sundar Dhanuka v. UOI (2024) 461 ITR 22 (Cal)(HC), Order of single judge.
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained investments-Notice not disclosing the additions to be made-Matter remanded.[S. 69A, 148A(b), 148A(d), Art. 226]
Lakhendra Kumar Raushan Lakhendra Kumar Roushan v. PCIT (2024) 296 Taxman 526 /336 CTR 186/ 467 ITR 549(Patna)(HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Unexplained expenditure-Bogus purchases)-No opportunity of personal hearing granted-Violation of principle of natural justice-Matter remanded-The assessee is directed to file objections with supportive documents. [S. 148A(b) 148A(d), Art. 226]
Nitin Agarwal v. ITO (No. 2) [2023] 157 taxmann.com 35 / (2024) 460 ITR 323 (Cal) (HC)Editorial : Refer order of single judge , Nitin Agarwal v. ITO (NO. 1) (2024)460 ITR 321 (Cal)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Advanced loans-Alternative remedy-Writ petition is dismissed. [S. 131(IA), 148A(b), 148A(d), Art. 226]
Sidhbali Kripa Enterprises v. ITO (2024) 296 Taxman 32 (All) (HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternative remedy-The High Court dismissed the writ filed by the assessee against the assessment order with direction to avail alternative available under the Act as the assessee had failed to point out any procedural irregularity or illegality in the proceedings.[S. 148A(b), 148A(d), Art. 226]
Shyam Sundar Dhanuka v. UOI (2023) 156 taxmann.com 499 /(2024) 461 ITR 25 (Cal)(HC) Editorial :Order of single Judge is affirmed Shyam Sundar Dhanuka v. ITO (2024)461 ITR 22 (Cal)(HC)
S. 148 : Reassessment-Notice-Notice issued in the name of dead person-Not enforceable in the eyes of law-The legal heirs are under no statutory obligation to intimate the death of the assessee to the department-Requirement of issuing notice to a correct person is not a merely a procedure requirement but is a condition precedent the impugned notice being valid in law-Notice is held to be null and void.[S. 10(37) 144. 147, 292BB, Art. 226
Devendra v. Add CIT (2023) 294 Taxman 550 / 335 CTR 1057/(2024) 461 ITR 463 (Bom)(HC)
S. 147 : Reassessment-Audit objection-Corporate Social responsibility-Reopening of assessment on perusal of the records available during the course of assessment proceedings-Amounts to change of opinion-Reassessment notice and order disposing the objection is quashed. [S. 37(1), 148, Art. 226]
Adani Power Rajasthan Ltd. v. Asst. CIT (2023) 150 taxmann.com 136 / (2024) 461 ITR 210 (Guj)(HC)