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. 148 : Reassessment-Notice-Limitation-Time-limit of one year from end of financial year in which notice of reassessment was served. [S. 147, 153(2)]

PCIT (E) v. Archdiocesan Board of Education (2023)456 ITR 453 /155 taxmann.com 82 (Karn)(HC)

S. 147 : Reassessment-Principles of natural justice-Liberty is given to assessee to raise fresh contentions while giving effect to Court’s directions.[S. 143(2), 148, Art. 226]

Paypal India Pvt. Ltd. v. Add. CIT (No. 3) (2023)456 ITR 195 (Mad)(HC) Editorial : Decision of single judge in Paypal India Pvt. Ltd. v Add. CIT (No.2) (2023)456 ITR 191 (Mad)(HC), modified.

S. 147 : Reassessment-Principles of natural justice-Matter remanded with directions to grant time. [S. 144B, 148, Art. 226]

Paypal India Pvt. Ltd. v. Add. CIT(No.1) (2023)456 ITR 189 (Mad)(HC) Paypal India Pvt. Ltd. v Add. CIT (No.2) (2023)456 ITR 191 (Mad)(HC)

S. 147 : Reassessment-Assessment order is set aside in writ remanding matter to Assessing Officer for reconsideration-Appeal-Order in writ petition modified granting liberty to file appeal before Appellate Authority raising all grounds on merits. [S. 148, 246A, Art. 226]

International Seaport Dredging Pvt. Ltd. v NFAC(2023)456 ITR 267/152 taxmann.com 194 (Mad)(HC) Editorial : Decision of single judge in International Seaport Dredging Pvt. Ltd. v NFAC (2022) 446 ITR 246 (Mad)(HC), modified.

S. 147 : Reassessment-Audit objection-Corporate Social Responsibility-Change of opinion-Notice and order disposing the objection is quashed and set aside. [S. 37(1), 148, Companies Act, 2013, S.135, Art. 226]

Adani Power Rajasthan Ltd v. ACIT (2023) 150 taxmann.com 136/ 334 CTR 187/(2024) 461 ITR 210 (Guj)(HC)

S. 147 : Reassessment-Faceless Assessment-Principle of natural justice-Oder passed without giving an opportunity of hearing–Reassessment proceedings and consequential notices quashed-Assessing Officer is directed to afford due opportunity and pass order accordingly. [S. 148, 156, Art. 226]

Harsha Bhavesh Patel (Smt.) v NFAC (2023)456 ITR 476 (Karn)(HC)

S. 147 : Reassessment-Capital or revenue-Amount paid to electricity Board for bay lines allowed as revenue expenditure-No new material-Reassessment is not valid. [S. 37, 148, 260A]

CIT v. Verdhman Textiles Ltd. (2023)456 ITR 427 /153 taxmann.com 141 (P&H)(HC)

S. 147 : Reassessment-With in four years-Provision for compensation-Allowed as deduction-Notice of reassessment based on same issues-Held to be not valid.[S. 37(1), 148]

PCIT v. Nesco Ltd. (2023)456 ITR 600/ 291 Taxman 286 (Bom)(HC)

S. 147 : Reassessment-After the expiry of four years-No failure to disclose material facts-No opportunity of cross-examination is given-Reassessment is not valid.[S. 148, 260A]

PCIT v. Prabhu Dayal Aggarwal (2023)456 ITR 84 /154 taxmann.com 506 (Delhi)(HC)

S. 147 : Reassessment-After the expiry of four years-No allegation in notice that material facts necessary for assessment had not been disclosed-Reassessment notice and order is not valid. [S.148 260A]

CIT v. Canara Bank (2023)456 ITR 316 (Karn)(HC)