Direct Tax Cases Weekly Round-Up: 16 To 22 June 2024

Bombay High CourtBombay High Court Upholds ITAT's Order Directing Vodafone India To Deposit Rs.230 Crores For Staying Income Tax DemandCitation: 2024 LiveLaw (Bom) 303Case Title: Vodafone India Services Pvt. Ltd. Versus Assistant Commissioner of Income Tax Circle 8(3)(2)The Bombay High Court has upheld the order passed by the Income Tax Appellate Tribunal (ITAT) directing Vodafone India to deposit Rs. 230 crores for staying income tax demand.Kerala High CourtPrerogative Of Govt. To Fix Income Limit For Encashment Of Earned Leave Salary For Income Tax Exemption: Kerala High CourtCitation: 2024 LiveLaw (Ker) 364Case Title: Balan Panicker Ramesh Kumar Versus Union Of IndiaThe Kerala High Court has held that it is the prerogative of the government to fix the limit of income from the encashment of earned leave salary for the purposes of exemption from payment of income tax. Unless the government issues a notification fixing the limit of income for earned leave salary, an employee cannot claim exemption from payment of income tax on the encashment of earned leave for up to 300 days.Failure Of Assessee To Update E-Mail Address With Dept.; Kerala High Court Dismisses Writ Petition Challenging Demand NoticeCitation: 2024 LiveLaw (Ker) 363Case Title: Lakeshore Hospital And Research Centre Limited Versus The Additional/Joint/Deputy/Assistant Commissioner Of Income Tax/ Income Tax Officer, National Faceless Assessment CentreThe Kerala High Court has dismissed the writ petition challenging the assessment order and notice of demand on the grounds that they were issued in violation of the principles of natural justice.Delay In Approaching Revision Authority Under Income Tax Act Can't Be Condoned: Kerala High CourtCitation: 2024 LiveLaw (Ker) 366Case Title: Equity Intelligence India Pvt. Ltd Versus PCITThe Kerala High Court has held that the delay in approaching the revision authority under the Income Tax Act cannot be condoned.Absence Of Incriminating Materials, AO Not Empowered To Reopen Assessments In Block Period Of Six Years: Kerala High CourtCitation: 2024 LiveLaw (Ker) 369Case Title: M/S. Sunny Jacob Jewellers Gold Hyper Market Versus CITThe Kerala High Court has held that based on the material obtained during the search, the Assessing Officer, who gets the jurisdiction to re-open the assessments, can do so in respect of the individual assessment years comprised in the block period of six years only if the material obtained during the search under Section 132 of the Income Tax Act, or any part thereof, relates to the assessment year in question.

Direct Tax Cases Weekly Round-Up: 16 To 22 June 2024

Mariya Paliwala

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