This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Reopening u/s. 148 quashed as genuineness of loan already established
Case Law Details
- Case Name
- Balkrishna Mangaldas 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
- 2015-16
- Courts
- All High Courts, Gujarat High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Balkrishna Mangaldas Thakkar Vs DCIT (Gujarat High Court)
Gujarat High Court held that reopening of assessment under section 148 of the Income Tax Act alleging accommodation entries not sustained in absence of any supporting, independent, tangible material. Accordingly, reopening quashed as genuineness of loan established.
Facts- By this petition under Article 226 of the Constitution of India, the petitioner has challenged the validity of the order passed under Section 148(d) of the Income Tax Act, 1961 dated 31.03.2022 whereby the respondent has held that this was a fit case ...
Author Info
