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. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Reply of assessee was not considered-Notice was responded-Assessment order and notice of demand was stayed. [S. 142(1), 143(2), 144 144B, 148, 148A(d), Art, 226]

Absolute Entertainment Pvt. Ltd. v ACIT (2023)454 ITR 655 (Delhi)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Assessee must be furnished material on the basis of which initial notice was issued-Notice was quashed. [S. 148, 148A(b), 148A(d), Art, 226]

Anurag Gupta v. ITO (2023)454 ITR 326 / 332 CTR 811/ 225 DTR 211 (Bom)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Accommodation entries-Accepted by assessee-Information from Investigation Wing-Alternative remedy-Writ petition was dismissed. [S. 147, 148, 148A(d), Art. 226]

Ajay Gupta (HUF) v. ITO (2023)454 ITR 787 (Delhi)(HC) Rajiv Gupta (HUF) v. ITO (2023)454 ITR 787 (Delhi)(HC) Editorial : SLP of assessee dismissed, Ajay Gupta v. ITO (2023)454 ITR 794(SC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Accommodation entries-Accepted by assessee-Information from Investigation Wing-Alternative remedy-SLP against the dismissal of writ petition was dismissed [S. 147, 148, 148A(d), Art.136, 226]

Ajay Gupta v. ITO (2023)454 ITR 794 / 294 Taxman 3 (SC) Editorial : Refer, Ajay Gupta (HUF) v. ITO (2023) 454 ITR 787 / 147 taxmann.com 277 (Delhi)(HC), Rajiv Gupta (HUF) v. ITO (2023)454 ITR 787 / 147 taxmann.com 277 (Delhi)(HC)

S. 148 : Reassessment-Notice-Amalgamation-Merger-Knowledge of department-Notice against non-existent assessee is unsustainable.[S. 147, Art. 226]

Virtusa Consulting Services Pvt. Ltd. v. UOI (2023)454 ITR 363 (Telangana)(HC)

S. 148 : Reassessment-Best judgment assessment-Request to the Assessing Officer to treat original return filed as return in response to notice-Best judgement order was passed without issuing notice under section 143(2-Order of Tribunal setting aside the order of the Assessing Officer is affirmed by High Court. [S. 139, 142(2A), 143(2), 144, 147, 260A]

PCIT v. S. G. Portfolio Pvt. Ltd. (2023)454 ITR 761 (Delhi)(HC)

S. 148 : Reassessment-Notice-After withdrawal of petition the assessment was completed-Second notice for same assessment year-Capital gains-Notice was quashed.[S. 10(38), 147, Art. 226]

Bharatkumar Jayantibhai Patel v. ACIT (2023)454 ITR 749 (Guj)(HC)

S. 147 : Reassessment-Personal hearing through Video conference was not provided-Violation of principles of natural justice-Matter remanded. [S. 68, 148 Art, 226]

Jayaprakash v. NFAC (2023)454 ITR 690 (Mad)(HC)

S. 147 : Reassessment-Unexplained investments-Search and Seizure-Survey-Statement in the course of survey is not conclusive evidence-Assessment of third person-Reassessment order was quashed. [S. 69B, 132, 143), 148, 153C]

Dinakara Suvarna v. Dy. CIT (2023) 454 ITR 21 (Karn)(HC) Editorial: SLP of Revenue is dismissed, Dy. CIT v. Dinakara Suvarn (2023) 454 ITR 27 (SC)

S. 147 : Reassessment-Within four years-Audit objection-Question of law-Notice and order disposing the objection was quashed. [S. 148, Art, 226]

Adani Power Maharashtra Ltd. v. ACIT (2023)454 ITR 720 (Guj)(HC) Adani Power Rajasthan Ltd v. ACIT (2023)454 ITR 734/ 292 Taxman 475 (Guj)(HC)