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-After the expiry of four years-Free trade zone-Export Oriented units-Start of manufacturing-Location of Industrial undertaking-Failure to disclose material facts-Reassessment notice was held to be valid. [S. 10A(2), 148, Form No. 56F, Art. 226]

FCA Engineering India (P) Ltd. v. ACIT (2021) 206 DTR 43 (Mad.) (HC)

S. 147 : Reassessment-After the expiry of four years-Discrepancy and mismatch-MB Shah Commission report-Illegal mining in State of Odisha-Reason to believe-Reassessment notice is held to be valid. [S. 148, 154, Form 26AS, Art. 226]

Triveni Earthmovers (P.) Ltd. v. ACIT (2021) 205 DTR 190 / 322 CTR 406 (Mad.)(HC) Editorial : Affirmed by division Bench Triveni Earthmovers (P) Ltd v. ACIT (2021) 206 DTR 279/322 CTR 934/ 283 Taxman 297 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Discrepancy and mismatch-MB Shah Commission report-Illegal mining in State of Odisha-Reason to believe-Excess production-Issue subject matter of the reopening of assessment was never discussed in the original assessment proceedings-Failure to make full and true disclosure-Reassessment notice is held to be valid. [S. 148, 154, Form 26AS, Art. 226]

Triveni Earthmovers (P) Ltd. v. ACIT (2021) 206 DTR 279 / 322 CTR 934 / 283 Taxman 297 (Mad.)(HC) Editorial : Order of single judge is affirmed, Triveni Earthmovers (P.) Ltd v. ACIT (2021) 205 DTR 190/ 322 CTR 406 (Mad.)(HC)

S. 147 : Reassessment-After the expiry of four years-Penny stock-Specific information-Information wing-Approval was obtained-Reassessment notice was held to be valid. [S. 143(1), 148, Art. 226]

Nishant Vilaskumar Parekh v. ITO (2021) 203 DTR 290/ ( 2022) 440 ITR 436 (Guj.)(HC)

S. 147 : Reassessment-After the expiry of four years-Cash credits-Accommodation entries-Penny stock-Survey-General information-No failure to disclose material facts-Reassessment notice was held to be bad in law. [S. 45, 68, 69, 133A, 148, Art. 226]

Jainam Investments v. ACIT (2021) 439 ITR 154 / 283 Taxman 439 / 206 DTR 447 / 323 CTR 25 (Bom.)(HC)

S. 144B : Faceless Assessment-Natural justice-Assessment order was quashed- Existence of alternative remedy not an absolute bar to issue writ -Matter remanded to the appropriate authority for fresh assessment-Writ is maintainable where there is a violation of the principles of natural justice. [S. 143(3), Art. 226]

V. Thillainatesan v. Add. CIT (2021) 439 ITR 614 / 206 DTR 215 / 323 CTR 92 / (2022) 284 Taxman 388 (Mad.)(HC) Editorial : Order of single judge, V. Thillainatesan v. Add.CIT (2021) 206 DTR 223 / 323 CTR 100 (Mad)(HC)

S. 144B : Faceless Assessment-Natural justice-Video hearing-Personal hearing was not granted-Time for passing assessment was extended-Order and notice of demand and notice initiating penalty proceedings were set aside. [S. 143(3), 156, 271AAC(1), Art. 226]

NainalalKidwai v. National Faceless Assessment Centre, Delhi (2021) 203 DTR 137 / 321 DTR 363 / 132 taxmann.com 30 (Delhi)(HC)

S. 144B : Faceless Assessment-Natural justice-Order was passed enhancing the income without following the procedure-Stay was granted till next date. [S. 143(3), Art. 226]

Prakash Nanji Paatel v. National Faceless Assessment Centre (2021) 203 DTR 220 / 321 CTR 256 (Bom.)(HC)

S. 144B : Faceless Assessment-Natural justice-Order was passed without considering the request for an adjournment-Pending the final disposal the assessment order, notice of demand and penalty proceedings are stayed. [S. 143(3), 270A, 271AAC, Art. 226 ]

GSA Constructions v. National Faceless Assessment Centre (2021) 203 DTR 305 / 321 CTR 362 (Bom.)(HC)

S. 143(3) : Assessment-Co-operative societies-Denial of exemption-Binding precedent-Failure to follow the judgement of Supreme Court-Alternative remedy-Judgement of single judge was set aside-The Assessing Officer was directed to redo the assessment after hearing the parties. [S. 80P(2)(a)(i), Art. 226]

Poonjar Service Co-Operative Bank Ltd. v. ITO (2021) 206 DTR 425 / 323 CTR 104 (Ker.)(HC) Editorial : Order of single judge in Poonjar Service Co-Operative Bank Ltd v. ITO (2021) 206 DTR 428 / 323 CTR 107 (Ker) (HC), set aside.