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Merely Writing I am Satisfied” Not Valid Approval for Section 148 Notice
Case Law Details
- Case Name
- Capital Broadways Pvt Ltd Vs ITO (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All High Courts, Delhi High Court
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Capital Broadways Pvt Ltd Vs ITO (Delhi High Court)
Whether simply writing “ I am satisfied” in the approval u/s 151 of the Income-tax Act,1961 is sufficient to show that the Sanctioning authority applied its mind while approving the reassessment proceedings u /s 148 of the Income-tax Act,1961
The Division bench of Delhi High court in this case was dealing with a reassessment notice which was issued on the basis of purported allegation that the petitioner had taken accommodation entry of Rs 55 lacs which was based on report on money laundering in the case of Jain brothers. The Ld Judges re...
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