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. 153A : Assessment-Search or requisition-Incriminating material was found in search and investigation-Assessment order valid. [Art. 136]

Siddharth Gupta v. PCIT (2023) 452 ITR 227 (SC) Editorial: PCIT v. Mehndipur Balaji (2022) 447 ITR 517 (All)(HC), affirmed.

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-Alternative remedy-Writ will not normally maintainable. [S. 148, Art. 226]

Red Chilli International Sales v. ITO (2022) 288 Taxman 107 / (2023) 452 ITR 218 / 223 DTR 140 / 332 CTR 807 (P&H)(HC) Editorial : Red Chilli International Sales v. ITO (2023)452 ITR 222 (SC), affirmed, but observations set aside.

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Alternative remedy-Notice of reassessment not disturbed. [S. 148, 148A(b), 148A(d), Art. 136]

Red Chilli International Sales v. ITO (2023) 452 ITR 222 / 291 Taxman 524 (SC) Editorial: Red Chilli International Sales v. ITO (2023)452 ITR 218(P& H)(HC), affirmed but observations set aside.

S. 148 : Reassessment-Notice-Direction of Supreme Court-UOI v. Ashish Agarwal-Pertaining only to notices issued after 1-4-2021 (2022) 444 ITR 1 (SC)-Notice issued prior to that date and after six years from assessment Year-Notices and proceedings are quashed. [S. 147, Art. 226]

Nutan Bhusan Jena v. PCIT (2023) 452 ITR 288/ 333 CTR 867 (Orissa)(HC)

S. 148 : Reassessment-Notice-Death of assessee was notified to Department-Notice in the name of the dead person-Subsequent notice issued on the legal heir of deceased-Notice and consequential orders set aside. [S. 147, 159(2)(b), 292B, Art. 226]

Madhuben Kantilal Patel (Smt.) (Late) v. UOI (2023) 452 ITR 17 (Guj.)(HC)

S. 148 : Reassessment-Notice-Amalgamation-Amalgamating Company ceases to exist-Notice and initiation of reassessment proceedings void ab initio-Permanent Account Number Of Non-Existent entity remaining active. [S. 147, 156, Art. 226]

CLSA India Pvt. Ltd. v. Dy. CIT (2023) 452 ITR 55 (Bom.)(HC)

S. 148 : Reassessment-Notice-Jurisdiction-Notice issued by Officer who had no jurisdiction over assessee-Not curable defects-Notice and order rejecting objections was quashed and set aside. [S. 147, Art. 226]

Ashok Devichand Jain v. UOI (2023) 452 ITR 43/151 taxmann.com 70 (Bom.)(HC)

S. 147 : Reassessment-Double taxation avoidance agreements-Tax Residency Certificate granted by another country-Binding on Income-Tax Authorities in India-Notice of reassessment is not valid-DTAA-India-Singapore. [S. 90(2), 133(6), 148, Art. 13(4), Art. 226]

Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd. v. ACIT (IT) (2023) 452 ITR 111 / 331 CTR 1/222 DTR 265 / 146 taxmann.com 569 (Delhi)(HC)/Editorial : Notice issued in SLP against High Court order, ACIT v . Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd ( 2024) 297 Taxman 223 ( SC) / SLP granted , ACIT v . Blackstone Capital Partners (Singapore) Vi Fdi Three Pte. Ltd ( 2024) 297 Taxman 387 ( SC)

S. 147 : Reassessment-Change of opinion-Notice and order-disposing the objection was quashed. [S. 148, Art. 226]

Arshad Alibhai Nathani v. ACIT (2023) 452 ITR 301 / 147 taxmann.com 168 (Bom.)(HC) Editorial : SLP of Revenue dismissed, CIT v. Arshad Alibhai Nathani(2023) 452 ITR 415 (St)(SC)