Judgements Uploaded By Users In Category: Income-Tax Act
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The Delhi High Court has held that Delhi high court coming down heavily on income tax deptt for passing general /template orders u/s 148A(d) (copy of order marked to cbdt for necessary action) and inter alia held SIGNIFICANCE OF ISSUANCE OF A SHOW CAUSE NOTICE AT A STAGE PRIOR TO ISSUANCE OF A REASSESSMENT NOTICE UNDER SECTION 148 OF THE ACT HAS… Read More ...
The Delhi High Court has held that Divya Capital One Pvt ltd Vs ACIT Delhi(Delhi High Court) Date-12th May 2022 Sub- Order passed u/s 148A(d) without considering the submissions- effect of. Relevance of GKN Driveshaft in the context of new law. The delhi high court in this case was considering a WP against an order which was passed u/s 148A(d) where the… Read More ...
The Calcutta High Court has held that Srei Equipment Finance Limited Vs Additional/Joint Commissioner of Income-tax (Calcutta High Court) Date-10th May 2022 Sub- 1. Whether proceedings under the Income-tax Act,1961 has to be kept in abeyance once an order u/s 14 of the IBC code is passed. 2. Whether exchange of message in Chat box during the Video conference hearing can amount… Read More ...
The CBDT has held that CBDT has issued guidelines for Compulsory Scrutiny of returns for Complete Scrutiny during the F.Y. 2022-23 and also procedure for compulsory selection in such cases. Read More ...
The CBDT has held that The Hon'ble Supreme Court has held that the extended reassessment notices issued under the old law shall be deemed to be the show cause notices issued under clause (b) of section 148A of the new law and has directed Assessing Officers to follow the procedure with respect to such notices. It has also held that… Read More ...
The BOMBAY HIGH COURT has held that Bombay HC quashes reassessment notice and order disposing objections on the basis of affidavit in reply filed by the jurisdictional AO accepting error in issuing the impugned notice and order in view of year ending pressure leading to paucity of time to examine the audit objection; Assessee was subjected to scrutiny assessment for AY 2013-14… Read More ...
The PUNE ITAT has held that Subsidy received under PSI 2007 from Government of Maharashtra was to promote industrial growth in the less developed areas of the State and also to provide employment in such area, hence such subsidy has to be a capital receipt not chargeable to tax. The amendment in provision of sec. 2(24) sub-clause (xviii) is applicable from… Read More ...
The Supreme Court has held that Hon. Supreme Court Validates Section 148 Notices issued after 31st March 2021 1. All notices issued under pre amended section 148 will be deemed to be issued under newly introduced section 148A 2. Revenue Authorities to follow the new procedure 3. All defences available to both the revenue and the assessee(s) under amended section 149.… Read More ...
The Calcutta High Court, Division Bench has held that The Hon’ble Justice T.S. Sivagnanam And The Hon’ble Justice Hiranmay Bhattacharyya, passed judgement on 22.04.2022 and 02.05.2022 and allowed the Writ petition and set aside the order of the Learned Single Judge passed by the Hon’ble Justice Nizamuddin in WPA no. 2852 of 2022 and also set aside the orders of the Principal Commissioner of… Read More ...