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. 147 : Reassessment-Failure to file return of income-Cash deposited in the bank account-Reassessment notice is justified. [S. 68, 139, 148, Art, 226]

Farmacia Molio v. ITO (2022) 444 ITR 65/287 Taxman 11 / 216 DTR 219/ 327 CTR 71 (Bom.)(HC)

S. 147 : Reassessment-Charitable purpose-Registration Exemption for assessment years prior to registration-Reassessment proceedings cannot be initiated on ground of non-registration. [S. 11, 12A, 12AA]

CIT v. Karnataka State Students Welfare Fund (2022) 444 ITR 436 (Karn.)(HC)

S. 147 : Reassessment-Opportunity of hearing-Question of facts cannot be raised in writ proceedings. [S. 148, Art, 226]

Chandra Sekar Reddy Bokkalapally v. NFAC (2022) 444 ITR 581 (Telangana)(HC)

S. 147 : Reassessment-Information from Investigation Wing-Sanction of prescribed authority-Notice valid. [S. 148, 151, 282A, Art, 226]

Bharat Krishi Kendra v. UOI. (2022) 444 ITR 584 / 212 DTR 137 / 326 CTR 45 (Chhattisgarh)(HC)

S. 147 : Reassessment-Prima facie basis for belief sufficient Survey of third person and statement during survey proceedings revealing alleged bogus nature of transactions-Of Assessee-Notice valid. [S. 148, 153A, Art, 226]

Amar Jewellers Ltd. v. ACIT (2022) 444 ITR 148 / 216 DTR 198 / 328 CTR 468/139 taxmann.com 198 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Failure to disclose material facts-Exempt income-Interest payment-Question of fact-writ is not maintainable. [S. 148, R. 8D, Art. 226]

Tamilnad Mercantile Bank Ltd. v. ACIT (2022) 444 ITR 537 / 286 Taxman 496 (Mad.) (HC)

S. 147 : Reassessment-After the expiry of four years-Sale of shares-Company-Failure to disclose fully and truly all material facts-Burden on Assessing Officer. [S. 56(2)(vii)(c)(ii), 148, Art. 226]

Hariom Ingots And Power Pvt. Ltd. v. PCIT (2022) 444 ITR 306 (Chhattisgarh)(HC)

S. 144B : Faceless Assessment-Variation in draft assessment order-Assessee must be given opportunity to be heard. [S. 144B(1)(xvi)(b), Art, 226]

Sardar Co-Operative Credit Society Ltd. v. ACIT (2022) 444 ITR 23 (Guj.)(HC)

S. 144B : Faceless Assessment-Variation in income-Objections pending disposal before Dispute Resolution Panel-Assessment order set aside. [S. 143(3), 144C(3), Art, 226].

Fiberhome India Pvt. Ltd. v. NEAC (2022) 444 ITR 237 (Delhi)(HC)

S. 144B : Faceless Assessment-Request for personal hearing-Video Conferencing Facility proving to be inadequate-Assessment order not valid-Directed to hear through Video conference on fixing the time. [S. 143(3), 144B(7)(vii), Art, 226]

Dr. K. R. Shroff Foundation v. ITO (2022) 444 ITR 354/ 213 DTR 289/ 326 CTR 527 (Guj.)(HC)