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Ganesh Dass Khanna vs Income Tax Officer – Legality of Notices under Section 148 of Income Tax Act Concerning Limitation Period and Escaped Income.
Facts of the Case
The petitioners in this matter challenged notices issued by the Income Tax
department under Section 148 of the Income Tax Act, 1961, for the Assessment
Years (AY) 2016-17 and 2017-18. The central iss...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. | Delhi High Court | Section 148 Reassessment Limitation Case
Facts of the
Case
Multiple assessees were issued reassessment notices for AYs 2016-17
and 2017-18.
The alleged escaped income in all cases was below ₹50 lakhs.
Notices were issued after expiry of 3...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Limitation under Section 149 for Reassessment Notices
Facts of the
CaseThe present batch of writ petitions concerned
reassessment proceedings initiated for Assessment Years (AYs) 2016–17 and
2017–18.The central issue arose from notices issued
under Section 148 of th...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Limitation under Section 149 for Reassessment Notices
Facts of the
CaseThe present batch of writ petitions concerned
reassessment proceedings initiated for Assessment Years (AYs) 2016–17 and
2017–18.The central issue arose from notices issued
under Section 148 of th...
Ganesh Dass Khanna vs Income Tax Officer & Connected Matters | Delhi High Court on Section 148 Limitation & Section 149(1) Income Tax Act
Facts of the
CaseThe present batch of writ petitions concerned
reassessment notices issued under Section 148 of the Income Tax Act, 1961
for Assessment Years 2016-17 and 2017-18.
The petitioners (assessees) were iss...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. | Delhi High Court on Section 148 Reassessment Limitation under Section 149 (AY 2016–17 & 2017–18)
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment proceedings initiated under Section
148 of the Income Tax Act, 1961 for Assessment Years 2016–17 and 2017–1...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Notices Under Section 148 Held Time-Barred Below ₹50 Lakh Threshold
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
for AY 2016-17 and 2017-18.
Notices were issued under Section 148 after amendments introduced
by Finance Act, 2021. ...
Pr. Commissioner of Income Tax-7 vs Prosperous Buildcon Pvt. Ltd. (Delhi High Court) – Section 263 & Section 40A(3) | Scope of Reassessment & Revision Explained
Facts of the
Case
The assessee filed its return declaring nil income, which
was processed under Section 143(1).
Reassessment proceedings were initiated under Section 148 based on
information regarding c...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Notices Under Section 148 Held Time-Barred Below ₹50 Lakh Threshold
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
for AY 2016-17 and 2017-18.
Notices were issued under Section 148 after amendments introduced
by Finance Act, 2021. ...
Pr. Commissioner of Income Tax (Central)-2 vs. Electrical and Electronic India Ltd. — Section 69 (Unexplained Investment) | Protective vs Substantive Addition | No Substantial Question of Law
Facts of the
Case
The assessee allegedly made investments amounting to ₹4,05,00,000
in the JP Minda Group.
The Assessing Officer made:
Substantive addition in
the hands of JP Minda Group.
...