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Gujarat HC Quashes Tax Notice for Factual Error: Loan Given, Not Received
Case Law Details
- Case Name
- Krupesh Ghanshyambhai Thakkar Vs DCIT (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All High Courts, Gujarat High Court
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Krupesh Ghanshyambhai Thakkar Vs DCIT (Gujarat High Court)
Gujarat High Court Sets Aside Reassessment Notice Based on Factual Error
Ahmedabad: The Gujarat High Court, in the case of Krupesh Ghanshyambhai Thakkar Vs Deputy Commissioner of Income Tax (DCIT), has set aside a notice dated March 27, 2017, issued by the Assessing Officer (AO) seeking to reopen the petitioner’s assessment for the Assessment Year (AY) 2010-11. The court found that the fundamental factual premise upon which the AO based the reopening was incorrect.
The core issue revolved around transactions betw...
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