Judgements Uploaded By Users In Category: Income-Tax Act
These judgements are uploaded by our esteemed readers. If you have a judgement on an important topic that you would like to share with others, please use this form to upload it
The Calcutta High Court has held that Hon. Calcutta High Court stays reassessment proceedings for AY 2014-15, initiated on the basis of CBDT Instruction No. 01/2022 dated 11th may 2022. Earlier Hon. Punjab and Haryana HC had issued notice on writ petition challenging reassessment proceedings under new regime for AY 2013-14 as time barred and wholly without jurisdiction. Read More ...
The CBDT has held that Consequent to order passed by Allahabad High Court passing severe strictures and proposing to levy exemplary cost of Rs 50 lakhs in a writ challenging reopening of assessment on wrong facts, CBDT today ( 22nd August,2022 ) has issued instructions to all its officers that for initiating proceedings under Section 148/147 of the Act, any… Read More ...
The ITAT Pune has held that Assessing Officer’s issued notice under section 143(2) dated 01.09.2010 to Shri Lohia Gourishankar G having PAN No.AAKPL3064D . and not to the assessee (HUF) having PAN No.AAAHL3831L but to Shri Lohia which makes it clear cut instance of non-issuance of a valid section 143(2) notice held to be mandatory condition in the foregoing landmark decision.… Read More ...
The ICAI has held that Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2022-23 (Effective for the AY 2022-23 and subject to amendments made by law, judiciary or administration, for the subsequent assessment years) Read More ...
The Supreme Court of India has held that PCIT Chandigarh Vs ABC Papers Limited (Supreme Court) Date-18th August 2022 Sub-The Hon’ble Supreme court in this case was called upon to decide which High Court would have the jurisdiction to entertain an appeal against a decision of a Bench of the ITAT exercising jurisdiction over more than one state, particularly when case(s) of same… Read More ...
The Allahabad High Court has held that Rs. 50 lakhs cost imposed on the department in case of arbitrary demand and proceedings initiated on the pretext of Faceless Assessment under Income Tax. Hon. Allahabad HC rejects affidavit of Principal Chief Commissioner of Income Tax, U.P. Read More ...
The Allahabad High Court has held that In this case the assessee had submitted a reply to the notice under clause (b) of Section of Section 148A. However, the impugned order under Section 148A(d) had been passed on the ground that no reply has been submitted. The application for rectification of the mistake submitted by the petitioner u/s 154 had been rejected… Read More ...
The ITAT Indore has held that that when the assessment is taken up for limited scrutiny, Ld. Pr. CIT/CIT cannot hold the assessment order as erroneous and prejudicial to the interest of revenue in respect of issue which was not a reason for selection of the case for limited scrutiny. Read More ...