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HC Quashes Reassessment Proceedings: No Evidence of Escaped or Taxable Income Found

Case Law Details

Case Name
Mahatma Gobarji Seva Sansthan ILOL Vs ITO (Gujarat High Court)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2019-20
Advertisement Mahatma Gobarji Seva Sansthan ILOL Vs ITO (Gujarat High Court) The Gujarat High Court addressed a petition filed by Mahatma Gobarji Seva Sansthan ILOL, challenging the reopening of its income tax assessment for the assessment year 2019-2020. The petitioner, a public charitable trust, argued that the reopening was invalid due to the absence of any genuine information indicating escaped income. The Income Tax Officer (ITO) had initially issued a notice under Section 148A(a) of the Income Tax Act, 1961, based on information suggesting large cash deposits by the trust. However, th...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,778

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