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Section 153C Assessment Quashed for Undated Satisfaction Note & Two-Year Delay
Case Law Details
- Case Name
- Virat Alloys Private Limited Vs ACIT (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All High Courts, Gujarat High Court
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Virat Alloys Private Limited Vs ACIT (Gujarat High Court)
The Gujarat High Court considered a batch of writ petitions challenging a notice issued under Section 153C of the Income-tax Act, 1961 for the assessment year 2015–16, along with all consequential proceedings. The petitioner-company had filed its revised return declaring nil income. A search under Section 132 of the Act was conducted on 25 June 2018 in the case of M/s World Window Group. The petitioner asserted that it had not undertaken any business or transactions with the said group during the relevant financial years. Despite this...
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