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-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)

S. 147: Reassessment-Jurisdiction-Power to call information-Commission receipt-Incorrect assumption-Non-application of mind by Assessing Officer-Electronic system failure to record reply would not justify initiation of reassessment-Notices quashed and reassessment proceedings vitiated.[S. 133(6), 148 Art. 226]

Vishal Garg. v. ACIT (2025) 476 ITR 178 (P & H) (HC)

S.147: Reassessment-After the expiry of four years-No failure to disclose all material facts-Borrowed satisfaction-Notice and order disposing the objection was quashed. [S. 143(3), 148, Art. 226]

Raajratna Stockholdings Pvt. Ltd. v. ACIT (2025) 476 ITR 228 /170 taxmann.com 473 (Guj)(HC)

S.147: Reassessment-After the expiry of four years-Bad debt-Write-off of bad debt-Not required to be proven-Writ appeal allowed-Reassessment notice and order disposing the objection was quashed. [S. 36(1)(vii), 148,Art. 226]

Citadel Fine Pharmaceuticals Ltd v. Dy. CIT (2025) 476 ITR 193 /173 taxmann.com 142 (Mad)(HC) Editorial : Decision of single judge in Citadel Fine Pharmaceuticals Ltd v. Dy. CIT(Mad)(HC)(SJ)(W.P.Nos. 36522 and 35630 of 2016 dt. 22-4-2021,) reversed.

S. 147 : Reassessment-Exchange, difference or net loss in foreign exchange transaction-Change of opinion-No tangible material-SLP of revenue dismissed, the delay of 181 was not satisfactorily explained and also on merits. [S. 143(3), 148, Form 15CA, Art. 136]

Dy. CIT v. Gokul Agro Resources Ltd. (2025) 476 ITR 160/304 Taxman 425 (SC) Editorial :Gokul Agro Resources Ltd. v. Dy. CIT (No. 1), (2025) 474 ITR 555 (Guj)(HC)

S. 144C : Reference to dispute resolution panel-Draft assessment order-High Court quashing directions of Dispute Resolution Panel and assessment order passed consequent thereto-SLP of revenue was dismissed.[S. 144C(2), Art. 136]

Dy. CIT v. Undercarriage and Tractor Parts Pvt. Ltd(2025) 476 ITR 3/305 Taxman 411 (SC) Editorial : Undercarriage and Tractor Parts Pvt. Ltd. v. DRP [2023] 156 taxmann. com 79/ 335 CTR 974 / (2024) 460 ITR 401 (Bom)(HC)

S. 143(3): Assessment-Non existing entity-Amalgamation-Order of DRP-Order of Tribunal annulling the assessment was affirmed. [S. 144C, 254 Companies Act, 1956, 391, 394.]

PCIT v. Vertex Customer Management India Pvt. Ltd.(2025) 476 ITR 475 (Delhi)(HC)