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Notice initiating fresh assessment set aside as issued beyond prescribed time limit: Delhi HC
Case Law Details
- Case Name
- Ramesh Chawla (HUF) Vs ITO (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004-05
- Courts
- All High Courts, Delhi High Court
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Ramesh Chawla (HUF) Vs ITO (Delhi High Court)
Delhi High Court held that department need to comply with the order of the Tribunal in passing a fresh assessment order within the time limit prescribed under section 153(3) of the Income Tax Act. Thus, notices initiating fresh assessment set aside.
Facts- Petitioner was served with notice issued u/s. 148 of the Act on the basis of information received that the petitioner has received gifts of Rs. 1 crore from Sh. Harish Kumar. Respondent No. 1 concluded the reassessment proceedings assessing the petitioner at Rs. 1,00,45,000/- by ...
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