S. 147 : Reassessment- After the expiry of four years -Share application money-Share application money-Search and Seizure-Declaration made under Income Declaration Scheme- Declaration would not provide immunity from taxations in hands of a non-declarant assessee Reassessment notice is valid. [S. 69A, 132, (132(4) 1431(1), 148, (IDS), Finance Act, 2016, S. 183, 192, Art. 226]
Dy. CIT (Cent.) v. M.R. shah Logistics (P) Ltd. (2022) 287 Taxman 649/212 DTR 105/325 CTR 681 (SC)/Editorial : M.R. Shah Logistics (P.) Ltd. v. Dy. CIT (2018) 258 Taxman 103( Guj)((HC) reversed .
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. 144B : Faceless Assessment-Principle of natural justice-Specific request for personal hearing-Order passed without following mandatory provisions-Order set aside-Matter remanded. [S. 144B(7)(vii)(ix), Art. 226]
Mudar Sudheer v. UOI (2022) 287 Taxman 213 /113 CCH 350 (AP)(HC)S. 144B : Faceless Assessment-No specific demand was raised for personal hearing-No violation of principle of natural justice (audi alteram partem)-Alternative remedy-Pendency of appeal-Writ petition is dismissed. [S. 144B(7), Art. 226]
Metharam Pinjani v. ITD (2022) 287 Taxman 16/211 DTR 185/325 CTR 346 (MP)(HC)S. 144B : Faceless Assessment-Natural justice-Opportunity of hearing-Technical glitches in web portal-Cash credits-Order set aside. [S. 144C, Art. 226]
Incap Contract Manufacturing Services (P) Ltd. v. ACIT (2022) 287 Taxman 34 / 113 CCH 279 (Karn.)(HC)S. 144B : Faceless Assessment-Natural justice-Opportunity of hearing-Technical glitches in web portal-Failure to up load the documents-Order was set aside. [S. 143(3), Art. 226]
Chandrasekaran Ragupati v. CBDT (2022) 287 Taxman 124 / 13 CCH 317 (Mad.)(HC)S. 127 : Power to transfer cases-Transfer from Bhopal to Hyderabad-Transferred for consolidating records of principal contractors and sub-contractor-In public interest for a lawful search operation-Transfer is valid. [Art. 226]
Aditya Tripathi v. PCIT (2022) 287 Taxman 144/214 DTR 201/326 CTR 833 (MP)(HC)S. 115JB : Book profit-Amounts disallowed under section 14A could not be added to net profit while computing book profit. [S. 14A]
PCIT v. J.J. Glastronics (P) Ltd. (2022) 287 Taxman 610 (Karn.)(HC)S. 115JA : Book profit-Mining, production and generation of aluminum, generated power-Captive power plant (CPP) for internal consumption-Profits derived from CPP was to be reduced from book profits-Provision for liability in respect of post-retirement medical benefits and leave encashment determined as an accrued liability and computed on basis of actuarial valuation by assessee could not be included in its book profits. [S. 115JA(iv)]
National Aluminium Company Ltd. v. CIT (2022) 287 Taxman 703 / 213 DTR 155/326 CTR 385 /( 2023) 456 ITR 503(Orissa) (HC)S. 80IC : Special category States-Business of Information and Communication Technology-Unit III-Splitting up or reconstruction-Separate books of account maintained-Entitle deduction as a sperate unit.
PCIT v. Altruist Technologies (P) Ltd. (2022) 287 Taxman 269 / 217 DTR 385/ 328 CTR 580 (HP)(HC)S. 80IB : Industrial undertakings-Manufacture-Poultry feed-steam cooking-Process undertaken in producing poultry feed would amount to manufacture-Entitled for deduction [800IB(5)].
PCIT v. Shalimar Pellet Feeds Ltd. (2022) 287 Taxman 134 / 213 DTR 345 / 326 CTR 595 /2023)453 ITR 547 (Cal.)(HC)