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Ca Rajeev Jain

Latest Posts by Ca Rajeev Jain

P&H HC Quashes Section 148 Notice issued by AO – Only NFAC Has Authority

February 25, 2025 1215 Views 0 comment Print

Punjab & Haryana HC quashes Section 148 notice issued by jurisdictional AO, ruling that only NFAC has authority under CBDT Circular dated 29.03.2022.

P&H HC Quashes Section 148 Notice Issued by AO Instead of NFAC

February 25, 2025 3246 Views 1 comment Print

Punjab & Haryana High Court quashes notice u/s 148 issued by jurisdictional AO, ruling that only NFAC has authority post CBDT Circular dated 29.03.2022.

Preparing for ITR Filing for Salaried Individuals: Key Precautions & Checks

June 18, 2023 9171 Views 3 comments Print

Understand the key precautions to consider while filing ITR for salaried individuals. Find tips on choosing the correct ITR form, understanding Form 16, 26AS, AIS, TIS, and more.

TDS on annual maintenance charges for maintenance of medical equipment

May 29, 2023 3021 Views 0 comment Print

Chennai ITAT dismisses Revenue’s appeal against Kovai Medical Centre and Hospital Limited. Consultant doctors’ payments subjected to Section 194J, not 192, due to lack of employer-employee relationship.

No Section 69A addition where cash deposits reflected as sales & accepted by Revenue

May 8, 2023 5937 Views 0 comment Print

ITO Vs Rajesh Kumar Chhanalal Patel (ITAT Ahmedabad) Ahmedabad ITAT upholds CIT(A) order deleting the addition of Rs. 86.75 Cr under Section 69A as Assessee’s unexplained income; Holds that the cash deposited in bank account cannot be treated as unexplained as the Revenue himself in the remand report and on verification accepted that the entire […]

No assessment under section 153C in absence of incriminating material: SC

May 8, 2023 5928 Views 0 comment Print

DCIT Vs U.K. Paints (Overseas) Ltd. (Supreme Court of India) As found by the High Court in none of the cases any incriminating material was found during the search either from the Assessee or from third party. In that view of the matter, as such, the assessments under Section 153-C of the Act are rightly […]

Address to deliver Income Tax notice in case of person in judicial custody

April 28, 2023 1794 Views 0 comment Print

PCIT Vs Narayan Kumar Khaitan (Orissa High Court) Case Law on Service of notice required through Superintendent of Jail if assessee is in judicial custody. A search and seizure operation under section 132 was conducted on SM and group wherein certain incriminating documents were found. Subsequently, assessment in case of assessee was completed under section […]

Reasons for formation of belief must have rational connection with formation of belief

April 20, 2023 684 Views 0 comment Print

It is a well settled law that, reasons for formation of belief must have rational connection with or relevant bearing on formation of belief.

Mushrooms grown under controlled conditions constitutes ‘Agricultural Activity’, exemption from tax

April 17, 2023 10734 Views 0 comment Print

DCIT Vs British Agro Products (India) Pvt. Ltd. (ITAT Chennai) Mushrooms grown under controlled conditions constitutes ‘Agricultural Activity’, exemption from tax : – [DCIT v. British Agro Products (India) Pvt. Ltd. (05.04.2023) ITAT Chennai Chennai ITAT dismisses Revenue’s appeal, holds that cultivation and sale of white button mushrooms is an ‘agricultural activity’ and income derived […]

Sec. 263 revision to cancel non existing original assessment order is not tenable

April 17, 2023 1341 Views 0 comment Print

PCIT Vs Padma Kumar Jain (Jharkhand High Court) Section 263 revision initiated by CIT second time to cancelling non existing original assessment order isn’t tenable: PCIT v. Padma Kumar Jain – [2022] (Jharkhand) A search and seizure operation was conducted by the Assessing Officer (AO) in the business and residential premises of the assessee-individual. After […]

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