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M/s. Bilakhia Holdings.  TA 132 / 2016. Dt. 9/6/16. Gujarat high court

Held, Though direct credit of gift to balance sheet held  to reduce book profits u/s 115JB, penalty u/s 271(1)(c) deleted.

R K Patel

SCA 382 /2016. Dt. 13/6/16. UTI Bank. Gujarat high court.

Held, New claim to delete suo motu disallowance can be raised at tribunal to determine correct tax liability.

R K Patel

Gujarat high court, SCA 15718 / 2010. 9/6/16. Jalaram developers.

Held, If in initial year conditions satisfied for claim u/s 80IB(10) is scrutinised, inconsistent reopening for certain years not permissible.

R K Patel

Gujarat high court. SCA 15719 / 2010. Dt. 9/6/15.

Held, Reopening can't be done on DVO report basis when there is no claim for deduction u/s 80IB(10) in a particular assessmant year,

R K Patel.

Gujarat high court. SCA 1623 / 2015. Dt. 5/2/16. Tata teleservices and others

Held, s. 203(3) amended by Finance No. 2 Act w.e.f. 1/10/14 is NOT retrospective in nature.

R K Patel

Gujarat high court. SCA 14902 / 2015 . Zaveri and Co. Pvt. Ltd. Dt. 11/1/16

Held, Reopening for substitution of method of valuing Forex loss  which is already processed in original assessment is not valid,

Nadim Dilipbhai Panjvani. SCA 13374 / 2015 Dt. 11/1/16.

Court interpreted s.132B , more particularly mandate embedded in proviso and scope of retention of seized asset.

R K Patel

Gujarat high court. SCA 3434 / 2015. JMC Projects (I) Ltd.
Held, Revision is not meant for better writing of an issue considered in assessment order upon which tax is aleady realised. Better footing and better application of legal principles by CIT does not accord jurisdiction u/s 263.
Notice quashed at the threshhold.

R. K. Patel

SCA 3275 / 2014. Dt. 20/10/15. Axis bank.

Gujarat high court held that if original case record shows that assessment is reopened only due to persistence of audit department, reopening is not maintainable.

R. K. Patel

SCA 12129 / 2014. Dt. 2/11/15. Aavkar Infrastructure
Gujarat high court held,
If overall scrutiny is visible in original assessment proceedings(s.80IB(10)), it cannot be said there is no opinion on an  issue from angle of a particular provision(s.45(2)) even within 4 years from the end of relevant year.

R.K.Patel

SCA 12303 / 2014. Dt. 4/11/15. M/s.Aavkaar infrastructure company.

Gujarat high court held that A.O. has to record a finding in the reason for reopening that there is understatement of investment for inflation of profit for availing higher exemption/deduction and he cannot merely fall back on DVO report.

R K Patel

Gujarat high court. SCA 12873 / 2014. Dt. 13/10/15. Varshaben Sanatbhai Patel

Held, Formation of belief based on material should be reflected from the  reasons recorded to assume valid jurisdiction u/s 147 / 148.

Tax appeal 207/2002. Dt. 1/9/15. Guj. H.C.  State bank of india.

Held, interest tax collected from customer is not part of interest for levy of iinterest tax.
Principle of over riding title discussed at length.

R. K. Patel

Supreme Court in SLP(C)22450 /2011 & others Dt. 30/4/15  Veena developers , Manan Corp. & others Dismissed.

Manan Corporation Gujarat H.C. decision final on issue of clause (d) appended to s.80IB(10) w.e.f. 1/4/05 is prospective and cannot be applied to deny deduction to approval granted  residential projects of prior period.

R. K. Patel

Shreemukt jewellers. Tax appeal 661/2007. Dt. 12/12/14.

Gujarat high court held,  Revision on basis of same material on record already appriciated by A.O. not permissible.

R K Patel