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-No failure to disclose material facts-Assessee is not required to state law which department feels attracted. [S. 148, Art. 136]
ACIT v. Oracle Financial Services Software Ltd. (2023) 452 ITR 280 (SC) Editorial: Oracle Financial Services Software Ltd. v. ACIT (No. 2) (2023) 452 ITR 279 (Bom)(HC), affirmed.
S. 145 : Method of accounting-Rejection of books of account-Estimation of profit 0.5 per cent-Question of fact. [S. 145(3), 260A]
PCIT v. Kandla Steel Pvt. Ltd. (2023) 452 ITR 22 (Guj.)(HC)
S. 144C : Reference to dispute resolution panel-Draft assessment order-Limitation-Direction of Commissioner does not extend limitation. [S. 92CA(3), 144A, 153]
Pfizer Healthcare India Pvt. Ltd. v. Dy. CIT (2023) 452 ITR 187/334 CTR 944 / 151 taxmann.com 200 (Mad.)(HC)
S. 144B : Faceless Assessment-Prior to 1-4-2021-Order passed without notice-cum-Draft assessment order-No opportunity of hearing-Order of assessment was not valid-High Court-Territorial Jurisdiction-Part of cause of action arising in a particular area-High Court of that area has jurisdiction. [S. 143(3), Art. 226]
Arista Infrastructure v. ITO (2023) 452 ITR 172/292 Taxman 226 /335 CTR 848 (Guj.)(HC)
S. 132(4) : Search and seizure-Statement on oath-Income from undisclosed sources-Income surrendered during search-Retraction of statement after eight months-Statement cannot be discarded. [S. 131, 132, Art. 136]
Roshan Lal Sanchiti v. PCIT (2023) 452 ITR 229/ 292 Taxman 69 (SC) Editorial : PCIT v. Roshan Lal Sanchiti (2023) 150 taxmann.com 227 (Raj)(HC)(D.B. I.TA. No. 47 of 2018 dt. 30-10-2018 (Raj)(HC), affirmed.
S. 132 : Search and seizure-Release of seized documents-Directions issued for the release of documents pertaining to assessee. [Art. 226]
Munjaal Boutique Homes Pvt. Ltd. v. PCIT (2023) 452 ITR 8 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-No international transaction between assessee and its associated enterprises-Band promotion-Advertisement, marketing and promotion-Deletion of disallowance is justified. [S. 37(1), 92]
PCIT v. Amadeus India Pvt. Ltd. (No. 2) (2023) 452 ITR 206 / 290 Taxman 201 (Delhi)(HC)
S. 92C : Transfer pricing-Arm’s length price-Advertisement, market and business promotion expenses-Not international transaction-No change of facts-Res Judicata-Principle of consistency must be followed. [S. 92B]
PCIT v. Amadeus India Pvt. Ltd. (No. 1) (2023) 452 ITR 195 (Delhi)(HC)