This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
A.O. cannot issue notice U/s. 148 on the basis of scanty and vague information and material which do not indicate escapement of income
Case Law Details
- Case Name
- Signature Hotels (P) Ltd. Vs. ITO (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Signature Hotels (P) Ltd. Vs ITO (Delhi High Court)- When the reason recorded for initiation of reassessment proceedings and the information received is extremely scanty and vague, and the material based on which the proceedings are initiated does not indicate escapement of income, the AO will have no jurisdiction to issue notice u/s 148.
Signature Hotels (P) Ltd. Vs. ITO
Delhi High Court
Writ Petition (Civil) No. 8067/2010
Date of order: 21st July, 2011
Judgement
SANJIV KHANNA, J.:
The petitioner is a company, which was incorporated on 30th September, 2002 and for the first year, i.e., the...
I would like to ask if AO does not give ‘reason to believe’ u/s 148 and asks the assessee to provide statement of accounts including bank statements u/s 143(2), what should be done by the assessee?