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Section 148 Reassessment Notice Quashed as Change of Opinion After Four Years: Gujarat HC
Case Law Details
- Case Name
- P C Snehal Engineers Private Limited Vs ACIT Circle 3(1)(1)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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P C Snehal Engineers Private Limited Vs ACIT Circle 3(1)(1) (Gujarat High Court)
The petitioner, a private limited company engaged in construction and engineering, filed its return for AY 2011-12 declaring total income of Rs. 2,61,86,720/-. The return was selected for scrutiny, and notices under Sections 142(1) and 143(2) of the Income Tax Act, 1961 were issued. During the assessment proceedings, the petitioner furnished detailed replies, audit reports, earlier assessment orders, details relating to guarantee commission, interest payments, investments yielding exempt income un...




