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. 153C : Assessment-Income of any other person-Search-Satisfaction note-Limitation-Where no satisfaction is recorded year of search has to be considered. [S. 132, 153A]

PCIT v. Gali Janardhana Reddy (2023)454 ITR 467 /152 taxmann.com 332 (Karn)(HC) Editorial : SLP of Revenue is dismissed , PCIT v. Gali Janardhana Reddy (2024) 297 Taxman 62 (SC) (Karn)(HC)

S. 153A: Assessment-Search-No incriminating material found Assessment completed on date of search-Addition cannot be made. [S. 132]

S. M. Kamal Pasha v. Dy. CIT (2023)454 ITR 157 (Karn)(HC)

S. 153A : Assessment-Search or requisition-Total income-Completed Assessments remain unabated-No addition permissible for such years in absence of incriminating material having been found in search-Completed or unabated assessments can be reopened under Section 147 or 148 of the Act. [S. 2(45), 131, 132, 132A, 143(1), 143(3), 147, 148,285BA]

PCIT v. Abhisar Buildwell P. Ltd. (2023)454 ITR 212/ 293 Taxman 141/ 332 CTR 385/ 225 DTR 105 (SC) Editorial : Refer case laws in the editorial. Editorial : PCIT v. Abhisar Buildwell (P.) Ltd. (2023) 294 Taxman 70/ 332 CTR 729/ 225 DTR 497 (SC), Supreme Court refused to entertain Misc, application filed by Revenue seeking clarification order passed and directed Revenue to file an appropriate review application.

S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years-Sanction of Additional Commissioner-Notice Not Valid-SLP dismissed.[S.144B (1)(xvi), 147, 148, Art. 131]

ITO v. Rinku R. Rai (2023) 454 ITR 35/ 293 Taxman 689 (SC) Editorial : Rinku R. Rai v. ITO (2023) 454 ITR 33(Bom)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Failure to consider replies-Notice and order for issue of notice is set aside-Matter remanded to Assessing Officer. [S. 147, 148, 148A(b). 148A(d), Art. 226]

Anu Gupta v. ITO (2023)454 ITR 785 (Delhi)(HC)

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)