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. 179 : Private Company-Liability of directors-The non-recovery of dues was not linked to the Assessee’s gross negligence, misconduct, or breach of duty, and all relevant circumstances were not reflected in the notice-Notice was quashed-Authority was directed to reconsider decision and initiate fresh step in accordance with law. [Art. 226]

Kushal Vinodchandra Mehta v. Income-tax Officer (2023) 458 ITR 359 / 294 Taxman 307 (Guj)(HC)

S. 179 : Private company-Liability of directors-Notices lacked disclosure of steps taken for tax recovery from company-Order was quashed. [Companies Act, 2013, S.167, Art.226]

Jagesh Savjani v.UOI (2023) 459 ITR 194/ 154 taxmann.com 42 (Bom)(HC) Editorial : SLP of Revenue, dismissed, ITO v. Jagesh Savjani (2023) 459 ITR 210/ 294 Taxman 601 (SC)

S. 179 : Private company-Liability of directors-Notices lacked disclosure of steps taken for tax recovery from company-Order of High Court quashing the Notice-SLP of Revenue is dismissed. [Companies Act, 2013, S.167, Art. 136]

ITO v. Jagesh Savjani (2023) 459 ITR 210/ 294 Taxman 601 (SC) Editorial : Jagesh Savjani v.UOI (2023) 459 ITR 194/ 154 taxmann.com 42 (Bom)(HC)

S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record-Order of Tribunal deleting the addition is affirmed. [S.68, 132, 153A]

PCIT v. Panchmukhi Management Services Pvt. Ltd. (2023) 456 ITR 332 / 153 taxmann.com 297 (Delhi)(HC) Editorial : SLP of Revenue is dismissed, PCIT(C) v. Panchmukhi Management Services Pvt. Ltd. (2023)456 ITR 358/294 Taxman 423 (SC)

S. 153C : Assessment-Income of any other person-Search-Belongs or belongs to-Pertains or pertaining-Search conducted prior to date of amendment-Prior to and after amendment by Finance Act, 2015, with effect from 1-6-2015-Amendment brought to section 153C vide Finance Act, 2015 shall be applicable to searches conducted under section 132 before 1-6-2015, i.e., date of amendment. [S. 132, Art. 136]

ACIT v. Anilkumar Gopikishan Agrawal (2023) 454 ITR 531 /294 Taxman 68 / 334 CTR 220 (SC) Editorial : Anilkumar Gopikishan Agrawal v. ACIT (2019) 418 ITR 25 (Guj)(HC), reversed.

S. 153C : Assessment-Income of any other person-Search-No incriminating material is found-Deletion of addition is justified-Department at liberty to initiate reassessment proceedings in accordance with law.[S. 132, 147, 148]

Dy. CIT v. U. K. Paints (Overseas) Ltd. (2023)454 ITR 441/ 294 Taxman 72 / 334 CTR 217 (SC) Editorial : From the Judgement of Delhi High Court, ARN Infrastructure Ltd v.ACIT (2017) Delhi)(HC), BJN Holdings lTD v. Dy.CIT (2020) 15 ITR-OL 408 (Delhi)(HC), PCIT v. Ankush Salija (2019) 419 ITR 431 (Delhi)(HC), ITA No. 904 pf 2017 dt 30-10-2017, ITA No. 73 of 2017 dt. 6-3-2019 (Bom)(HC), ITA No. 1252 & 1251 of 2016 dt. 4-1-2019 (Bom)(HC)

S. 153C : Assessment-Income of any other person-Search-Share capital-Cash credits-Bogus accommodation entries-No incriminating material brought on record -SLP of Revenue is dismissed.[S.68, 132, 153A]

PCIT (C) v. Panchmukhi Management Services Pvt. Ltd. (2023)456 ITR 358/294 Taxman 423 (SC) Editorial : PCIT v. Panchmukhi Management Services Pvt. Ltd. (2023) 456 ITR 332 / 153 taxmann.com 297 (Delhi)(HC)

S. 153A : Assessment-Search-No incriminating material-Unabated assessments-No addition can be made-Order of Tribunal is affirmed. [S. 132, Art.226]

PCIT v. Saroj Sudhir Kothari (2023) 154 taxmann.com 359 (Bom)(HC) Editorial: SLP of Revenue, dismissed, PCIT v. Saroj Sudhir Kothari (2023) 294 Taxman 598 (SC)

S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment-Addition cannot be made. [S. 132, 143(3), 153A(1)(b)]

PCIT v. Kutch Salt and Allied Industries Ltd. (2023) 457 ITR 44 / 294 Taxman 124 (Guj.)(HC)

S. 153A : Assessment-Search-Ledge account-Not incriminating material-Unabated and concluded assessment u/s 143(1)-Failure to deduct tax at source-No disallowance can be made. [S.10 (26), 40(a)(ia), 132, 143(1)]

PCIT v. Shyama Power India Ltd. (2023) 294 Taxman 652 /(2024)461 ITR 350 (Gau.)(HC)