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-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)