Case Law Details

Case Name : CIT Vs Kultar Exports (Delhi High Court)
Appeal Number : ITA 26/2014, C.M. NO. 1596/2014 (for exemption)
Date of Judgement/Order : ITA 27/2014, ITA 28/2014, C.M. NO. 1597/2014
Related Assessment Year : 23/05/2014

In the present case the retrospective amendment was introduced after the original assessment. The introduction of the amendment occasioned the re-assessment. The reassessment order gave effect to the amendment. The assessee was content; it accepted this order which became final. In these circumstances, the reassessment order cannot be sought to be indicted in as much as the finality which attaches itself to the reassessment order cannot be affected, merely because a later
judgment of the Gujarat High Court held the amendment to be arbitrary, to the extent of its retrospectivity.

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More Under Income Tax

Posted Under

Category : Income Tax (28551)
Type : Judiciary (12854)
Tags : high court judgments (4786) Reassessment (278) section 147 (486) section 148 (413)

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