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-Faceless Assessment-Alternative remedy-Writ is not maintainable. [S. 144B, 148, 246A Art. 226]

Geekay Millennium Company v. UOI(No.2) (2023)455 ITR 574 (Chhattisgarh)(HC) Editorial: Decision of the single judge in Geekay Millennium Company v. UOI (No.1) (2023)455 ITR 231 (Chhattisgarh)(HC), affirmed.

S. 147 : Reassessment-Sale transaction need to be verified-Reason to suspect-Notice is not valid. [S. 148, 260A]

PCIT v. Maheshwari Devi (2023)455 ITR 755 /146 taxmann.com 550(Jharkhand)(HC)

S. 147 : Reassessment-Findings recorded was not challenged before Appellate Authority-Writ petition is dismissed. [S. 148 264, Art. 226]

Achal Kumar Agrawal v. PCIT (2023)455 ITR 380/ 293 Taxman 686 (All) (HC) Editorial: SLP is dismissed, Achal Kumar Agrawal v. PCIT (2023)455 ITR 383 (SC)

S. 147 : Reassessment-Notice-International Transactions-Reference to Transfer Pricing Officer-Assessment was not pending-Reference invalid-Transfer Pricing Officer’s Order Nullity-Notice of reassessment based on Transfer Pricing Officer’s Order is held to be not sustainable. [S. 92C, 92CA, 143((2), 148, 260A]

PCIT v. Kimberly Clark Lever Private Limited (2023) 455 ITR 576 / 54 taxmann.com 134 (Bom.) (HC)

S. 147 : Reassessment-After the expiry of four years-Foreign remittances-Failure to deduct tax at source-Decision in favour of assessee in earlier year-One time settlement with bank-Non application of mind by the Assessing officer-Notice and order disposing the application is quashed. [S.148,201(1) Art,226]

Vedanta Ltd. v ACIT (2023)455 ITR 146/153 taxmann.com 584 (Delhi)(HC)

S. 147 : Reassessment-After the expiry of four years-Detailed enquiry-No failure to disclose material facts-Change of opinion-Reassessment notice and order disposing the objection. is quashed. [S.80IA(4) 80IC, 148, Art. 226]

Kaveri Infrastructure Pvt. Ltd. v. CIT (2023) 455 ITR 384 /335 CTR 281 /153 taxmann.com 425 (P&H)(HC)/Editorial : JCIT v. Kaveri Infrastructure (P.) Ltd. (2024) 298 Taxman 274 / 463 ITR 1 (SC)

S. 147 : Reassessment-After the expiry of four years-Based on facts which require investigation-Notice-Alternative remedy-Writ is held to be not maintainable. [S. 148, Art. 226]

Karur Kongu Charitable Trust v. ITO(E) (2023) 455 ITR 479/332 CTR 513 / 224 DTR 12 / 147 taxmann.com 73 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-Reassessment is barred by limitation- -Issue not discussed in original assessment-No opinion formed-Matter relegated to Assessing Officer. [S. 148, Art. 226]

Durr India Pvt. Ltd. v. ACIT (2023)455 ITR 460 /335 CTR 444/152 taxmann.com 303 (Mad)(HC) Editorial: Decision of the single judge Durr India Pvt. Ltd. v. ACIT (2021) 433 ITR 48 (Mad)(HC),/./ SLP of Revenue is dismissed , ACIT (OSD) v. Durr India (P.) Ltd. (2024) 297 Taxman 58 (SC) affirmed

S. 147 : Reassessment-After the expiry of four years-Notice not mentioning facts which had not been disclosed-No evidence of failure-Notice and order disposing the objection is held to be not valid. [S. 115JB 148, Art. 226]

ACIT v. Seshasayee Paper and Board Ltd. (2023)455 ITR 291/334 ITR 517 /148 taxmann.com 432 (Mad)(HC) Editorial : Decision of single judge in Seshasayee Paper and Board Ltd v.ACIT (2021) 435 ITR 625 (Mad)(HC), affirmed.

S. 147 : Reassessment–After the expiry of four years-Report from investigation wing after scrutiny assessment-Shell companies-Deposited unaccounted cash in bank accounts-Prima facie material giving rise to belief sufficient-Notice valid.[S.143(3), 148]

PCIT v. Arshia Global Tradecom Pvt. Ltd. (2023)455 ITR 686/154 taxmann.com 47 / 333 CTR 806(Cal)(HC) Editorial: Order in Arshia Global Tradecom Pvt. Ltd v.ACIT (2020) 84 ITR 64 (SN) (Kol)(Trib), reversed.