S. 147 : Reassessment-Principles of Natural justice-Order passed without giving adequate time to respond to show-cause notices-Order set aside-Matter remanded. [S. 148, Art. 226]
International Seaport Dredging Pvt. Ltd. v. NFAC (2022) 446 ITR 246 (Mad.)(HC)
Digest of case laws
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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-Bogus transaction-Information from investigation wing-Limited scrutiny-Futures and options-Loss was set off against normal business-Reassessment notice valid. [S. 43(5)(d), 133(6), 148, 151, Art. 226]
Shrikant Phulchand Bhakkad (HUF) v. JCIT (2022) 446 ITR 250 / 213 DTR 361 / 328 CTR 64 / 287 Taxman 440 (Bom.)(HC)S. 147 : Reassessment-After the expiry of four years-Accommodation entries-Transactions disclosed found subsequently to be bogus-Notice valid. [S. 148, Art. 226]
Rochana Agarwal v. ACIT (2022) 446 ITR 529 / 287 Taxman 260/ 218 DTR 501/ 329 CTR 270 (All.)(HC)S. 147 : Reassessment-After the expiry of four years-Notice-Order of reassessment without considering objections-Not valid. [S. 148, Art. 226]
Renault Nissan Automotive India Pvt. Ltd. v. NEAC (2022) 446 ITR 555 / 220 DTR 405/(2023) 335 CTR 462(Mad.)(HC)S. 147 : Reassessment-After the expiry of four years-Failure To Disclose material facts-Not disclosing receipts under Section 194J and reimbursement of expenses-Proper recording of satisfaction-Decision could not be reviewed-Notice could not be declared invalid.[S. 148 ,260A, Code of Civil Procedure, Order 47, Rule 1, Art. 226]
Distributors India (South) v. UOI.(No. 2) (2022)446 ITR 177 (2023) 332 CTR 574 (All.)(HC) Editorial : Distributors India (South) v. UOI (NO. 1) (2022) 446 ITR 163 / 288 Taxman 346 / (2023) 332 CTR 585(All)(HC)S. 147 : Reassessment-After the expiry of four years-Failure To Disclose material facts-Not disclosing receipts under Section 194J and reimbursement of expenses-Proper recording of satisfaction-Notice valid. [S. 148, 151, 194C, 194J, Form 26AS]
Distributors India (South) v. UOI (NO. 1) (2022) 446 ITR 163 / 288 Taxman 346 /(2023) 332 CTR 585(All.)(HC) Editorial : Review petition dismissed, Distributors India (South) v. UOI.(No. 2) (2022) 446 ITR 177 /(2023) 332 CTR 574(All.)(HC)S. 147 : Reassessment-After the expiry of four years-False disclosure is not true disclosure-Shell companies-Share premium-Share capital-Radha Fincom Pvt Ltd-Information from investigation wing-Bogus share capital-Notice valid-Writ petition was dismissed. [S. 148, Art. 226]
Ambuj Foods Pvt. Ltd. v. PRCIT (2022) 446 ITR 294 / 287 Taxman 490/ 219 DTR 65 / 329 CTR 205 (All.)(HC)S. 144C : Reference to dispute resolution panel-Principles of natural justice-Precedent-Decision of Supreme Court binding on all Courts and all authorities-Appellate Tribunal-Decision of Tribunal is binding on all authorities. [S. 254(1), Art. 226]
Mylan Laboratories Ltd. v. NFAC (2022) 446 ITR 734 / 287 Taxman 40// 220 DTR 105/ 329 DTR 502 (Telangana)(HC)S. 144B : Faceless Assessment-Variation in income prejudicial to assessee-Failure to provide requested opportunity of personal hearing-Assessment order and consequent notices set aside. [S. 143(3), 144B(7)(vii), 156, 270A, Art. 226]
Omkar Nath v. NFAC (2022) 446 ITR 337 / 287 Taman 108 (Delhi)(HC)S. 144B : Faceless Assessment-Draft assessment-Modification in return-Principle of natural justice-Order set aside. [Art. 226]
Popular Vehicles and Services Ltd. v. NEAS (2022) 446 ITR 374 (Ker.)(HC)