Section 148

Section 147, Section 148

Madras H.C : Whether the assessment order passed by the Income Tax Officer under Section 143(3) of Income Tax Act, invoking Section 147 of the Income Tax Act, (hereinafter referred to as “the I.T. Act”) after issuing notice under Section 148 of the Act is bad in law and is void ab initio on account of the failure to follow the judgment of the Hon’ble Supreme Court in GKN Driveshafts (India) Ltd. vs. Income Tax Officer, (2002) 125 Taxman 963 (SC) to the effect that on receipt of objection given by the assessee, to the notice under Section 148, the Assessing Officer is bound to dispose of the objections by passing a speaking order, is the core issue raised in this intra court appeal for our adjudication

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High Court Of Madras Home Finders Housing Ltd. vs. ITO Section 147, 148 K. K. Sasidharan & R. Subramanian, JJ.

Sec. 36(1)(Viia), Sec. 115JA, Sec. 143(1), Sec. 143(3), Sec. 40A(3), Section 133, Section 147, Section 148, Section 152, Section 153, Section 68, Section 69

Rajasthan H.C : the proceedings for reassessment under Section 148/147 of the Income Tax Act, 1961 were initiated by the ld. Assessing Officer on non-existing facts because ultimately the Assessee has been able to explain that the income which was believed to have escaped assessment was explainable but some other additions were made under the assessment order

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High Court Of Rajasthan Prime Chem Oil Limited vs. Assistant Commissioner Of Income Tax Section 36(1)(viia), 40A(3), 68, 69, 115JA,

Section 69, Income Tax Case Laws, Sec. 133A, Section 132, Section 143, Section 148

Gujarat H.C : The petitioner had filed return of income on 30th September 2010 declaring total income of Rs 8,85,260/=. The return was accepted without scrutiny under Section 143[1] of the Income-tax Act, 1961 [“the Act” for short]. To reopen such assessment, the Assessing Officer issued the impugned notice dated 31st March 2017

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High Court Of Gujarat Kiran Ravjibhai Vasani vs. Assistant Commissioner Of Income Tax Section 69, 132, 133A, 143, 148 Asst.

Section 147, Section 148

Andhara Pradesh & Telangana H.C : The effective date of transfer of shares for the purpose of sec. 45 of the IT Act is 24.11.2009 ignoring and not appreciating that the ‘transfer’ as envisaged u/s 2(47) had taken place on the date of execution of the investment agreement i.e. on 12.08.2009 and this is the date material for reckoning the time available for making specified investments and deciding the admissibility of deduction u/s 54 EC and sec. 54F

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High Court Of Andhara Pradesh & Telangana Anne Venkata Vishnu Vara Prasad vs. Assistant Commissioner Of Income Tax Section 147,

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