Case Law Details

Case Name : Salil Gulati Vs ACIT (Supreme Court of India)
Appeal Number : Special Leave to Appeal (C) No(s). 7466/2023
Date of Judgement/Order : 11/04/2023
Related Assessment Year :

Salil Gulati Vs ACIT (Supreme Court of India)

Hon’ble Supreme Court today in SLP No. 7466/2023 in Salil Gulati v. Assistant Commissioner of Income Tax has dismissed the SLP. The SLP had challenged the fresh reassessment notices for AY 2014-15 under 148A(b) issued after the Hon’ble SC judgment in Ashish Aggarwal case, on the ground that the said judgement never allowed the notices to travel back in time and the defence available under proviso to Section 149(1)(b) is still available to assessee. After the dismissal of this SLP, the two recent judgments of same issue i.e. Allahabad HC and Gujarat HC are no longer good law.

FULL TEXT OF THE SUPREME COURT JUDGMENT/ORDER

Having heard Shri Percy Pardiwala, learned Senior Advocate, appearing on behalf of the petitioner and having gone through the impugned judgment and order passed by the High Court, no interference of this Court is called for.

The Special Leave Petition stands dismissed.

Pending application stands disposed of.

Download Judgment/Order

Author Bio

Qualification: CA in Practice
Company: SAMYAK R JAIN & ASSOCIATES
Location: Faridabad, Haryana, India
Member Since: 31 May 2019 | Total Posts: 54
I am a Chartered Accountant in Practice from last 32 years. Any one who wants to discuss something related to Income Tax can mail me at rajeevjain_ca@yahoo.com or call on 9810581427. View Full Profile

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