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. 151 : Reassessment-Sanction for issue of notice-Notice issued after expiry of six years from assessment year-Sanction of Additional Commissioner-Sanction is not valid-Taxation and other Laws (Relaxation and Amendment Of Certain Provisions) Act, 2020 is not applicable.[S. 148, 151(1), Art. 226]
Asian Paints Ltd. v. ACIT (2023)457 ITR 626 /155 taxmann.com 627 (Bom)(HC)
S. 149 : Reassessment-Time limit for notice-Capital gains-Dissolution of firm in 2006-Notice issued for reassessment for the Assessment year 2007-08 in November 2014-Notice is barred by limitation. [S. 144, 147, 148, Art. 226]
Sandeep Theatre Abohar v. ITO (2023)457 ITR 562 (P&H)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Risk Management Strategy-Information Received From Director (Investigation And Criminal Intelligence)-Suffice requirement of information-Consideration for moveable property excess of Rs 50 lakhs-Sanction form Principal Commissioner-Reassessment notice is valid.[S. 147, 148, 148A(b), 148A(d), 149(1)(b), 151, Art. 226]
Susai Amalanathan antoni Vincent v. ITO (2023)457 ITR 96 /156 taxmann.com 17 (Mad)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternate remedy-Not absolute bar for filing writ petition-Writ petition is admitted.[S. 147 148, 148A(b), 148A(d),246A, Art. 226]
Space Enclave Pvt. Ltd. v. ITO (2023)457 ITR 382 (MP)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Order passed in Permanent Account Number which had been surrendered-Direction of single judge to file representation-Notice and order set aside-Directed to pass speaking order.[S. 148, 148A(b), 148A(d), Art. 226]
Shree Ramkirshna Sishu Tirtha. v. ITO (2023)457 ITR 729/157 taxmann.com 449 (Cal)(HC) Editorial: Appeal from the judgement of single judge, WPA No. 19557 of 2022 dt. 28-11-2022 (Cal)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Return filed under new Permanent Account Number as a sole proprietor-Notice issued in name of erstwhile firm-Notice and order is quashed.[S. 148, 148A(b). 148A(d), Art. 226]
Rajinder Nath Kapoor v. ITO (2023)457 ITR 225 /294 Taxman 576 (Delhi)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Directed to supply requested material.[S. 147, 148, 148A(b), 148A(d), Art. 226]
Omesh Jain v. ITO (2023)457 ITR 332 (Delhi)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principle of natural justice-Material forming basis for such belief must be furnished-Writ is maintainable.[S.148, 148A(b), 148A(d), Art. 226]
Micro Marbles Pvt. Ltd. v. ITO (2023)457 ITR 569/ 331 CTR 329/ 223 DTR 41 /149 taxmann.com 387 (Raj)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cancellation of old Permanent Account Number card and obtaining of New Permanent Account Number card-Intimated to Income-Tax Authorities-Notice referring to old Permanent Account Number card-Notice is not valid-Obiter : The Income-tax authorities ought to prominently display the steps for cancellation of a permanent account number on their website apart from sending a link for cancellation in the covering letter when a permanent account number is provided to an assessee. [S. 147, 148 148A(b) 148A(d), Art. 226].
Kai Balkrishna R. Gawade Mandai Vyapari Premises Sahakari Sanstha Maryadit v. ITO (2023)457 ITR 41 /153 taxmann.com 97 (Bom)(HC)
S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Sanction-Granted by Principal Commissioner Notice and consequent proceedings is held to be invalid. [S. 148A(b) 148A(d), 151(ii), Art. 226]
K. K. Agarwal and Sons (HUF) v. ITO (2023) 457 ITR 638 (Cal)((HC)