S. 148 : Reassessment-Notice-No procedural irregularity-Notice issued and objections raised-Notice valid-Writ is not maintainable there is no violation of law or principle of natural justice. [S. 147, Art. 226]
Bengal Tiger Line (India) Pvt. Ltd. v. Dy.CIT (2022) 446 ITR 331 (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-Order passed after considering the objections-Assessment order was passed-Writ is not maintainable. [S. 148, Art. 226]
Tamil Nadu State Marketing Corporation Ltd. v. NEAC (2022) 446 ITR 325 (Mad.)(HC)S. 147 : Reassessment-No tangible material-Notice not valid. [S. 148, Art. 226]
Sardar Vallabhbhai Patel Education Society v. ITO (2022) 446 ITR 278 (Guj.)(HC)S. 147 : Reassessment-Survey-Information from investigation wing-Live link-Sufficiency of material cannot be considered at stage of notice-Notice valid. [S. 133A ,148, 151, 153C, Art. 226]
Rajesh Jayantilal Patel v. Dy. CIT (2022)446 ITR 313/ 216 DTR 137 (Guj.)(HC)S. 147 : Reassessment-Participated in the proceedings–Order of reassessment is valid. [S. 142(1), 148, Art.226]
Lakshman Prasad Agarwal v. UOI (2022) 446 ITR 692 / 215 DTR 349/ 327 CTR 320 (Cal.)(HC)S. 147 : Reassessment-Transactions discovered to be non-genuine by Income-Tax Officer (Inv)-Notice valid-Sanction-Order of sanction to be tested along with reasons for notice. [S. 131A, 148, 151, 282A, Art. 226]
Jugal Kishore Paliwal v. JCIT (2022) 446 ITR 515 / 213 DTR 121 / 326 CTR 361 (Chhattisgarh)(HC) Saraswati Agro Industries (2022) 446 ITR 515 / 213 DTR 121 / 326 CTR 361 (Chhattisgarh)(HC) Vidhya Nagdeo (Smt.) v. JCIT (2022) 446 ITR 515 / 213 DTR 121 / 326 CTR 361 (Chhattisgarh)(HC)S. 147 : Reassessment-Donation to Institution-Survey-Subsequent withdrawal of approval with retrospective effect-Notice of reassessment is valid. [S. 35(1)(ii), 133A, 148, Art.226]
Jindal Naturecare Ltd. v. ACIT (2022) 446 ITR 187 / 215 DTR 113/(2022) 337 CTR 221 (Karn.)(HC) Jindal Aluminium Ltd. v. Add. CIT (2022) 446 ITR 187 / 215 DTR 113/ (2024) 337 CTR 221 (Karn.)(HC)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)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)