Virendra Ship Recyclers LLP Vs ACIT (Bombay High Court)
The Bombay High Court quashed and set aside the impugned orders under Section 148A(d) and notices under Section 148 of the Income Tax Act, 1961 in the respective petitions. The petitioners stated that the matters were covered by New India Assurance Co. Ltd. vs. Assistant Commissioner of Income Tax, Circle 3(2)(1), Mumbai & Ors., and the respondents agreed. Consequential notices or orders, if any, were also quashed and set aside. All other rights and contentions raised in the petitions were kept open. The petitions were accordingly disposed of.
Read SC Judgment in this case: SC Disposes Reassessment SLPs Following Rajeev Bansal Ruling
Cases Discussed
- New India Assurance Co. Ltd. vs. Assistant Commissioner of Income Tax, Circle 3(2)(1), Mumbai & Ors. (Bombay High Court), 2024 SCC OnLine Bom 146
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT
1. Counsel for petitioners state that all these petitions will be covered by the judgment of New India Assurance Co. Ltd. vs. Assistant Commissioner of Income Tax, Circle 3(2)(1), Mumbai & Ors. 1. Counsel for Respondents agree. Therefore, impugned orders passed under Section 148 (A)d of the Income Tax Act, 1961 (the Act) and the notices issued under Section 148 of the Act in the respective petitions are hereby quashed and set aside.
2. Petitions disposed.
3. Consequential notices or orders, if any, also stand quashed and set aside.
4. All other rights and contentions which have been raised in the petitions are also kept open.
Note:
1 2024 SCC OnLine Bom 146
