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-Search and seizure-Asset-Limitation-Six or ten assessment years preceding search for which assessment can be reopened-Asset-Assessment year 2016-2017 fell beyond the block of six years the notice issued under section 148 and the reassessment proceedings under section 147 initiated pursuant thereto were set aside. [S. 132, 132A, 147, 148, 148A(b), 148 A(d), 153A(1), proviso 4.]

Smart Chip Pvt. Ltd. v. ACIT (2025) 476 ITR 389/174 taxmann.com 297 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Political parties-Approval without application of mind-Assessing Officer restrained from enforcing final assessment order without leave of court. [S. 13A. 147, 148, 148A(b), 148A(d), 151, Art.226]

All India Trinamool Congress v. ACIT (2025) 476 ITR 340 /173 taxmann.com 125 (Cal)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principles of natural justice-Opportunity of personal hearing was not granted-Assessment order, consequential demand and penalty notices set aside Matter remanded for fresh disposal.[S. 147, 148, 148A(b), 148A(d), Art. 226]

Pico Capital Pvt. Ltd. v. Dy. CIT (2025) 476 ITR 209/ 170 taxmann.com 638 (Bom)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Cash credits-Reinitiation of reassessment proceedings already Reassessment action on same reasons-Reassessment notice and order quashed. [S. 68, 147, 148 148A(b) 148(A)(d), Art.226]

Jaswant Singh Juneja v. ITO (2025) 476 ITR 28 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Faceless assessment-Bogus purchases-Accommodation entry providers-Assessing Officer not required to conclusively determine escaped income at threshold stage Order and notice for reopening assessment upheld-Issue regarding jurisdiction of Assessing Officer to initiate reassessment proceedings in faceless assessment regime is no more res integra-Writ petition was dismissed-SLP of assessee dismissed. [S. 147, 148, 148A(b), 148A(d), Art. 136]

Vivek Kumar v. ITO (2025) 476 ITR 567 (SC) Editorial : Vivek Kumar v. ITO (2025) 476 ITR 562 (Delhi)(HC)

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-High Court holding writ will not lie and grievances on merits to be agitated by assessees in reassessment proceedings before Assessing Officer-Supreme Court Concession of Department before Supreme Court in UOI v. Rajeev Bansal (2024) 469 ITR 46(SC) that all notices issued on or after 1-4-2021 would have to be dropped as they would not fall for completion during period prescribed under Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020-Notices dated 25-6-2021 quashed.[S. 147, 148, 148A(b), (d) Art, 226.]

Deepak Steel and Power Ltd. v. CBDT (2025) 476 ITR 369 /305 Taxman 169 (SC) Editorial : Decision of Orissa High Court reversed, Deepak Steel and Power Ltd. v. CBDT (WP Nos. 2446 of 2023, 2543 of 2023 dt 1-2-2023

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Pendency of appeal-SLP of assessee dismissed.[S. 148A(b), 148A(d), Art. 136]

Chaturbhuj Gattani v. ITO (2025) 476 ITR 155 / 305 Taxman 1 (SC) Editorial : Chaturbhuj Gattani v. ITO, (2024) 468 ITR 295/336 CTR 369/233 DTR 457 (Raj)(HC) Saroj Gattani v. ITO (2024)468 ITR 295/336 CTR 369/233 DTR 457 (Raj)(HC)

S. 148 : Reassessment-Notice-Limitation-Last date for issue of notice expiring on 31-3-2021-High Court holding notices dated 31-3-2021 had left Income-tax Business Application portal on or after 1-4-2021-Order was barred by limitation-SLP of revenue was dismissed. [S. 147,149, Art. 136]

Add. CIT v Anantha Reddy Pannala (2025) 476 ITR 6 /305 Taxman 565 (SC) Editorial : Kalyan Chillara v. Dy. CIT, (2024) 465 ITR 729 /341 CTR 418 /242 DTR 438 /167 taxmann. com 500 (Telangana)(HC)

S. 147: Reassessment-Change of opinion-Search-No tangible material-Discovery of cash-Reassessment notice and order disposing the objection was quashed.[S. 132, 147, 148, 153A, Art. 226]

VIP Housing and Properties v. Dy. CIT (2025) 476 ITR 529 /172 taxmann.com 306 (Mad)(HC)

S. 147 : Reassessment-Capital gains-Borrowed satisfaction-Notice and order rejecting assessee’s objections set aside.[S. 10(38),45, 148, Art. 226]

Nimesh Maheshbhai Shah (HUF) v. ITO (2025) 476 ITR 236/171 taxmann.com 24 (Guj)(HC)