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. 144B : Faceless Assessment-Draft assessment order-Violation of natural justice-Two days time was granted-Personal hearing not granted-Order of assessment is not valid-Matter remanded. [S. 114B(1)(xvi), Art, 226]
Agrawal JMC Joint Venture v. ITO (2022) 444 ITR 470/ 213 DTR 260/ 326 CTR 499 (Guj.)(HC)
S. 143(3) : Assessment-Order passed without giving an opportunity of personal hearing-Order is not valid-Assessment order was set aside and directed the Assessing Officer provide personal hearing through video conferencing. [S. 143(2), Art. 226]
Vamsha Retail Ventures P. Ltd. v. ACIT (2022) 444 ITR 346 /327 CTR 52 / 287 Taxman 471/ 213 DTR 331(Mad.)(HC)
S. 143(3) : Assessment-Principle of natural justice-Scrutiny Assessment-Issuance of show-cause notice prior to finalisation of order of assessment is mandatory-Orders were treated as show cause notice-Directed to file replies within a period of six weeks. [S. 142(1), 143(2), 143(3), Art. 226]
eShakti.Com Pvt. Ltd. v. ACIT (2022) 444 ITR 257 / 213 DTR 327/ 327 CTR 48(Mad.)(HC)
S. 132B : Application of seized or requisitioned assets-Seizure of cash-Delay in release of cash beyond period laid down in Section-Interest payable for such delay till date of payment. [S. 132B(4)(b),153A, Art. 226]
Sanjeevkumar v. UOI (2022) 444 ITR 334/ 288 Taxman 334 / 214 DTR 265/ 327 CTR 84 (Bom.)(HC)
S. 132B : Application of seized or requisitioned assets-Cash stolen-Cash deposited in Court of Judicial Magistrate-Income tax proceedings pending-Cash could not be returned to assessee. [S. 131, 131(IA), 132, Art. 226]
Dy. DIT (Inv) v. Sampath (2022) 444 ITR 55 / 287 Taxman 150 (Mad.)(HC) Sampath v. State (2022) 444 ITR 55/287 Taxman 150 (Mad.)(HC)
S. 132B : Application of seized or requisitioned assets-Retention of seized assets-Retention of seized asset beyond time laid down-Not valid-Directed to hand over the seized asset (diamonds) to the assessee within a period of four weeks from the date of receipt of the order. [S. 132, Art, 226]
Ashish Jayantilal Sanghavi v. ITO (2022) 444 ITR 457 / 214 DTR 380(Guj.)(HC)
S. 132(8) : Search and seizure-Retention of the books of account and other documents-Beyond thirty days after proceedings are completed-Obligation to communicate decision to assessee-Proceedings under Act does not extend to appeal by Special Leave to Supreme Court. [S. 153A, 158BC, Art, 136, 226]
Udaya Sounds v. PCIT (2022) 444 ITR 428 / 213 DTR 13 / 326 CTR 377 /287 Taxman 251 (Ker.)(HC)
S. 113 : Tax-Block assessment-Search cases-Levy of Surcharge-Amendment by Finance Act, 2002-Amendment not retrospective-Search proceedings initiated in November 1995-Surcharge not Leviable. [S. 132, 245D, Art, 226]
Karia Erectors Pvt. Ltd. v. UOI (2022) 444 ITR 86/ 287 Taxman 116(Bom.)(HC)