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. 153 : Assessment-Reassessment-Limitation-Remand-Failure to comply with remand order made by Tribunal – Delay of 12 years – Assessment became time barred – Directed the Revenue to refund the amount along with interest under section 244A of the Act. [S. 132, 153(3), 158BC, 244A, Art. 226]

Lakhpatrai Agarwal v. ACIT [2023] 149 taxmann.com 348 / 292 Taxman 282 // (2024) 338 CTR 891/470 ITR 123 (Bom)(HC)

S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years – Sanction obtained from Additional Commissioner not from Principal Chief Commissioner or Chief Commissioner-Notice was quashed-Faceless Assessment-Mandatory condition-Draft Assessment order-Condition not complied with-Final assessment order was quashed and set aside. [S. 144B(1)(xvi), 147, 148, Art. 226]

Rinku R. Rai v. ITO [2023] 151 taxmann.com 478 / 454 ITR 33 (Bom)(HC)/Editorial: Notice issued in SLP filed by the Revenue , ITO v. Pinki Rajesh Modi (2024) 297 Taxman 397 (SC)

S. 151 : Reassessment – Sanction for issue of notice -Approval obtained from additional Commissioner and not from specified authority — Notice was quashed. [S. 147, 148, 151(ii), Art. 226]

MA Multi-Infra Development Pvt. Ltd. v. ACIT (2023)451 ITR 181/149 taxmann.com 491 (Bom.)(HC)

S. 151 : Reassessment – Service of notice – Return submitted giving new address — Notice sent to old address — No proper service of notice — Notice and reassessment proceedings not valid – Sanction for issue of notice – After expiry of three years – Approval of Principal Commissioner (PCIT) is not valid – Approval is required from Principal Chief Commissioner (PCCIT) – Order was quashed. [S. 147, 148, 148A(b), 148A(d), 149(1)(a), 151(iii), Art. 226]

Chitra Supekar (Mrs.) v. ITO [2023] 149 taxmann.com 26 / 292 Taxman 511 / 453 ITR 530 / 332 CTR 374 (Bom.)(HC)

S. 151 : Reassessment-Sanction for issue of notice-After the expiry of four years – Satisfaction recorded by Joint Commissioner–Notice and order disposing the objection was quashed. [S. 147, 148, Art. 226]

Thirdware Solution Ltd. v. DCIT [2023] 146 taxmann.com 364 (Bom)(HC)/Editorial : Notice is issued in SLP filed by the Revenue, Dy. CIT v. Thirdware Solution Ltd. (2024) 297 Taxman 8 (SC)

S. 148A : Reassessment – Conducting inquiry, providing opportunity before issue of notice – Jurisdiction – Part of cause of action had accrued within territorial jurisdiction of Bombay High Court – Bombay High Court has the jurisdiction to entertain the Writ petition- Interim relief was granted. [S. 148, 148A(b), 148A(d), Art. 226]

HSTN Acquisition (FII) Ltd. v. DCIT [2023] 147 taxmann.com 226 / 330 CTR 453 (Bom.)(HC)

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice – After three years from the end of relevant assessment year – Service of notice without the signature of Assessing Officer digitally or manually-Notice invalid – Order and notice was quashed and set aside. [S. 147, 148, 148A(b), 148A(d), Art. 14, 226]

Prakash Krishnavtar Bhardwaj v. ITO (2023) 451 ITR 27 / 331 CTR 64 / 150 taxmann.com 60 / 293 Taxman 132 (Bom)(HC)

S. 148A : Reassessment – Conducting inquiry, providing opportunity before issue of notice – Notice issued in name of deceased assessee- Notice and order quashed and set aside. [S. 147, 148, 148A(b), 148A(d), Art. 226]

Prakash Tatoba Toraskar v. ITO (2023) 452 ITR 59 / 151 taxmann.com 366 (Bom.)(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. 69C, 148, 148A(b), 148A(d), Art. 226]

Anurag Gupta v. ITO [2023] 150 taxmann.com 99 / 454 ITR 326 / 332 CTR 811 (Bom)(HC)

S. 148 : Reassessment-Notice-Two Permanent Account Numbers —Earlier Permanent Account Number was abended – Notices issued in earlier Permanent Account Number not responded – [ 144, 147, 148, 156, 271B, 271F, 274, Art. 226]

Bhavna Steel v. ITO [2023] 152 taxmann.com 218 / 454 ITR 670/ 335 CTR 1074 (Bom)(HC)