2023-TIOL-73-HC-ORISSA-IT
CIT Vs Sikhya O Anusandhan
On appeal, the High Court observes that the ITAT concurred with the findings of the CIT (A), being based on various decisions of the Supreme Court of India. Hence this Court finds that the Revenue cannot take advantage of the changed legal position as a result of the Apex Court's judgement in New Noble Educational Society . Thus the findings of the ITAT do not warrant any interference with.
- Revenue's appeal dismissed: ORISSA HIGH COURT
2023-TIOL-72-HC-DEL-IT
Pr.CIT Vs Nilgiri Financial Consultants Ltd
Whether assessee can claim deduction on account of bad debts if the bads debts were duly accounted for and they were written off in the accounts of the assessee - YES: HC
- Revenue's appeal dismissed: DELHI HIGH COURT
2023-TIOL-71-HC-DEL-IT
Celerity Infrastructure Pvt Ltd Vs DCIT
In writ, the High Court observes that the material based on which SCN u/s 148A was issued, was not shared with the assessee, and the AO too was unsure whether the information was supplied partially or fully. The Court further observes that the SCN was issued in the name of a non-existent entity, considering the assessee had merged with another firm. Hence the SCN and the order are set aside for de novo proceedings.
- Writ Petition disposed: DELHI HIGH COURT
2023-TIOL-70-HC-DEL-IT
Bharat Agro Overseas India Vs ACIT
In writ, the High Court observes that the material based on which SCN u/s 148A was issued, was not shared with the assessee, and the AO too was unsure whether the information was supplied partially or fully. The Court further observes that the SCN was issued in the name of a non-existent entity, considering the assessee had merged with another firm. Hence the SCN and the order are set aside for de novo proceedings.
- Writ petition allowed: DELHI HIGH COURT
