2023-TIOL-490-ITAT-MAD

Saravana Stocks Investments Pvt Ltd Vs DCIT

Whether there is no power to CIT to set aside assessment order u/s 263, in a case of inadequate enquiry, even if such enquiry is incomplete - YES: ITAT

- Assessee's appeal allowed: CHENNAI ITAT

2023-TIOL-465-ITAT-DEL

DCIT Vs Celebi Delhi Cargo Terminal Management India Pvt Ltd

Whether where deduction u/s 80IA is allowed to the assessee in respect of past AY, then such benefit merits being allowed w.r.t the current AY as well, where the assessee is eligible for such benefit - YES: ITAT

- Revenue's appeal dismissed: DELHI ITAT

2023-TIOL-440-HC-AHM-IT

Namo Diamonds Pvt Ltd Vs ITO

Whether notices u/s 148 referable to the old regime would stand beyond prescribed permissible timeline of six years from end of A.Y 2013-14 and A.Y 2014-15 - YES: HC

- Assessee's Appeal allowed: GUJARAT HIGH COURT

2023-TIOL-439-HC-KERALA-IT

Rehabilitation Plantations Ltd Vs CIT

On appeal, the High Court finds that similar issues were resolved vide the judgment in I.T.A No. 37/2018. Hence the issue is remanded for reconsideration. The orders of the CIT & ITAT w.r.t. the other issues stand quashed.

- Appeal partly allowed: KERALA HIGH COURT

2023-TIOL-438-HC-KERALA-IT

Velimali Rubber Company Ltd Vs ACIT

On appeal, the High Court held that vide order of the Full Bench in I.T.A No. 201/2013, the issues at hand are answered in favour of the Assessee and against the Revenue. Hence the orders passed by the AO, CIT(A) and ITAT are set aside.

- Appeal allowed: KERALA HIGH COURT