This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Reassessment notice u/s 148 quashed – Income below ₹50 lakh wrong sanctioning authority – ITAT Mumbai
Case Law Details
- Case Name
- Suman Jagannath Sankhe Vs CIT (Appeals) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Suman Jagannath Sankhe Vs CIT (Appeals) (ITAT Mumbai)
In Suman Jagannath Sankhe vs CIT(A) (A.Y. 2016-17), reassessment was initiated based on alleged cash deposits of ₹15 lakh. The assessee challenged jurisdiction on multiple legal grounds including limitation, absence of proper sanction u/s 151 and defects in procedure under the new reassessment regime.
The ITAT examined whether the notice u/s 148 issued on 19.07.2022 under the new law complied with section 151. It observed that income alleged to have escaped assessment was only ₹15 lakh, i.e., below ₹50 lakh, and the n...
Author Info
