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Transaction not bogus for mere non-filing of objection by Assessee
Case Law Details
- Case Name
- Tvl. Sun Powers Vs The Commercial Tax Officer (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Madras High Court
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Notwithstanding, the fact that objections were not filed to the pre-assessment notice, the respondent i.e., Assessing Officer could not have come to a conclusion that the transactions were bogus on the ground that they were not reported by the end dealers and therefore, he had no alternative, but, to confirm the proposal set out in the pre-assessment notice.
Assessing Officer, could have only come to a conclusion that the subject transactions were bogus, based on substantive material, and not that because objections were not filed by the petitioner, the assertions made in the pre-assessment no...
