S. 148 : Reassessment-Notice-Amalgamation-Intimation was given to Income-Tax Authorities-Notice in the name of company which had ceased to exist-Not valid. [S. 142(1), 147, Art. 226]
Kunvarji Fincorp Pvt. Ltd. v. Dy. CIT (NO. 1) (2023)455 ITR 409 / 293 Taxman 183 (Guj)(HC)
Digest of case laws
Online digest of latest case laws
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
Click here to download the pdf versions of the Digest of case laws S. 147 : Reassessment-Opportunity of hearing is given and submission is considered-Writ petition is dismissed. [S. 148, Art. 226]
Viswabharathi Medicals v ITO (2023)455 ITR 765/ 330 CTR 445/ 221 DTR 309 (Ker)(HC)S. 147 : Reassessment-Notice-Not specifying exact amount of income chargeable to tax which had escaped assessment-Reassessment order and consequential order and notices are set aside-Opportunity must be given before passing the order. [S. 144, 147, 148, 156, 226, 271(1)(b), 271(1)(c), 271F, Art. 226]
Swarovski India Pvt. Ltd. v CIT (2023)455 ITR 656 (Delhi)(HC)S. 147 : Reassessment-Failure of service of notice-Technological glitch in Web portal-Matter relegated to authority from stage of issue of notice. [142(1), 144B, 147, 148, Art. 226]
S. P. Developers v.Add. CIT (2023)455 ITR 428/149 taxmann.com 158 (Guj)(HC)S. 147 : Reassessment-Faceless Assessment-Alternative remedy-Writ is not maintainable. [S. 144B, 148, 246A Art. 226]
Geekay Millennium Company v. UOI (No. 1) (2023)455 ITR 531 (Chhattisgarh) (HC) Editorial: Geekay Millennium Company v. UOI(No.2) (2023)455 ITR 574 (Chhattisgarh)(HC), affirmed.S. 147 : Reassessment-Faceless Assessment-Alternative remedy-Writ is not maintainable. [S. 144B, 148, 246A Art. 226]
Geekay Millennium Company v. UOI(No.2) (2023)455 ITR 574 (Chhattisgarh)(HC) Editorial: Decision of the single judge in Geekay Millennium Company v. UOI (No.1) (2023)455 ITR 231 (Chhattisgarh)(HC), affirmed.S. 147 : Reassessment-Sale transaction need to be verified-Reason to suspect-Notice is not valid. [S. 148, 260A]
PCIT v. Maheshwari Devi (2023)455 ITR 755 /146 taxmann.com 550(Jharkhand)(HC)S. 147 : Reassessment-Findings recorded was not challenged before Appellate Authority-Writ petition is dismissed. [S. 148 264, Art. 226]
Achal Kumar Agrawal v. PCIT (2023)455 ITR 380/ 293 Taxman 686 (All) (HC) Editorial: SLP is dismissed, Achal Kumar Agrawal v. PCIT (2023)455 ITR 383 (SC)S. 147 : Reassessment-Notice-International Transactions-Reference to Transfer Pricing Officer-Assessment was not pending-Reference invalid-Transfer Pricing Officer’s Order Nullity-Notice of reassessment based on Transfer Pricing Officer’s Order is held to be not sustainable. [S. 92C, 92CA, 143((2), 148, 260A]
PCIT v. Kimberly Clark Lever Private Limited (2023) 455 ITR 576 / 154 taxmann.com 134 (Bom.) (HC)S. 147 : Reassessment-After the expiry of four years-Foreign remittances-Failure to deduct tax at source-Decision in favour of assessee in earlier year-One time settlement with bank-Non application of mind by the Assessing officer-Notice and order disposing the application is quashed. [S.148,201(1) Art,226]
Vedanta Ltd. v ACIT (2023)455 ITR 146/153 taxmann.com 584 (Delhi)(HC)