Supreme Court
Case Title: Ravi Agrawal Versus Union Of India
The Supreme Court has dismissed the writ petitions seeking retrospective effect to the 2023 amendment into 80DD of the Income Tax Act regarding the Jeevan Aadhar Policy.
Delhi High Court
DTVSV Act Intents Closure Of All Tax Disputes: Delhi High Court Quashes SCN & Demand Orders
Case Title: Satish Kumar Dhingra Versus Assistant/Deputy Commissioner Of Income Tax
The Delhi High Court while quasing the show cause notice and the income tax demand order held that the legislative intentions behind Direct Tax Vivad se Vishwas Act, 2020 (DTVSV Act) is the closure of all tax disputes.
Case Title: Microsoft India (R&D) Pvt. Ltd. Versus DCIT
The Delhi High Court has quashed the income tax assessment orders issued against MNCs including Microsoft, Sumitomo and AT Kearney India on the ground that the draft assessment order under Section 144C of the Income Tax was not issued before the final order.
Bombay High Court
Case Title: Abhin Anilkumar Shah Versus ITO
The Bombay High Court has held that in respect of central charges and international taxation charges, the reassessment proceedings under Section 148A read with Section 148 of the Income Tax Act would be required to be held in a faceless manner.
PCIT To Apply Mind Before Sanctioning Income Tax Reassessment: Bombay High Court
Case Title: The Saraswat Co-operative Bank Ltd. Versus ACIT
The Bombay High Court has held that the Principal Commissioner of Income Tax (PCIT) must applymind before sanctioning income tax reassessment.
Karnataka High Court
Case Title: PCIT Versus Confident Projects India Pvt. Ltd.
The Karnataka High Court has dismissed the income tax appeal filed by the department as the monetary value involved in appeals less than Rs. 1 crore.
Kerala High Court
Case Title: Sajitha @ Sajitha Basheer Versus State Of Kerala
The bench of Justice Gopinath P. has directed the Secretary of the Grama Panchayat to consider the objections raised by the petitioner against the levy of property tax at the rates applicable to commercial buildings in respect of the residential building of the petitioner.
Case Title: P.A. Jose Versus Union Of India
The Kerala High Court has upheld the constitutional validity of Section 145A of the Income Tax Act mandating First In First Out (FIFO)/weighted average cost method of computation for assessees under ‘profits and gains of business and profession’.
Jammu & Kashmir And Ladakh High Court
Case Title: M/s Reshi Construction Company Versus Commissioner of Income Tax
The Jammu & Kashmir And Ladakh High Court has held that the power conferred upon the Assessing Authority under Section 143(2) of the Income Tax Act is statutory in character and cannot be tinkered with or taken away by any order or instruction issued by the Central Board of Direct Taxes (CBDT) in the exercise of the power conferred upon it under Section 119 of the Income Tax Act for issuance of order or direction would be tantamount to requiring the Assessing Officer to make or dispose of a particular case in a particular manner not prescribed by statute.
Madhya Pradesh High Court
The Madhya Pradesh High court, Jabalpur Bench, while hearing the writ petitions stated that the issue with regard to exigibility of tax on royalty payments is still pending before the Supreme Court and likely to be listed shortly.
Case Title: M/S Anand Mining Corporation Vs Union Of India And Others
