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Gujarat HC Quashes Reassessment as Alleged Escaped Income Fell Below ₹50 Lakh Threshold
Case Law Details
- Case Name
- Touch Comm Tech Private Limited Vs National E-Assessment Centre (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All High Courts, Gujarat High Court
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Touch Comm Tech Private Limited Vs National E-Assessment Centre (Gujarat High Court)
The Gujarat High Court allowed the writ petition challenging the order passed under Section 148A(d) of the Income-tax Act reopening the assessment for Assessment Year 2013-14 and quashed the reopening proceedings. The petitioner contended that the Assessing Officer had reopened the assessment on the assumption that income of ₹70,00,000 had escaped assessment due to alleged accommodation entries without properly considering the credit and debit entries disclosed in the Return of Income and le...
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