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Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Limitation under Section 148 & 149 Explained
Facts of the
CaseThe present batch of writ petitions concerns
reassessment proceedings initiated against various assessees for Assessment
Years (AY) 2016–17 and 2017–18.
The Income Tax Department issued notices ...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Notices under Section 148 Held Time-Barred for AY 2016–17 & 2017–18
Facts of the
Case
Multiple assessees were issued reassessment notices under Section
148.
The notices were issued after 01.04.2021, following the
amendment introduced by the Finance Act, 2021.
The all...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Notices under Section 148 Held Time-Barred for AY 2016–17 & 2017–18
Facts of the
Case
Multiple assessees were issued reassessment notices under Section
148.
The notices were issued after 01.04.2021, following the
amendment introduced by the Finance Act, 2021.
The all...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Notices u/s 148 Invalid Beyond Limitation under Section 149(1)(a) where Escaped Income Below ₹50 Lakhs
FACTS OF THE CASE
Multiple assessees were issued reassessment notices under Section
148.
The alleged escaped income in all cases was below ₹50 lakhs.
Notices were issued after 01.04.2021, post...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Limitation under Section 149 when Escaped Income is Below ₹50 Lakhs
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment notices issued under Section 148 of
the Income Tax Act for Assessment Years 2016-17 and 2017-18.
Notices und...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Limitation under Section 149 when Escaped Income is Below ₹50 Lakhs
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment notices issued under Section 148 of
the Income Tax Act for Assessment Years 2016-17 and 2017-18.
Notices und...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Notices u/s 148 Beyond Limitation Held Invalid Where Escaped Income Below ₹50 Lakhs
Facts of the
CaseA batch of writ petitions was filed challenging
reassessment notices issued under Section 148 of the Income Tax Act for
Assessment Years 2016–17 and 2017–18.The primary dispute arose regarding the...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Notices u/s 148 Held Time-Barred under Section 149(1)(a) | TOLA & Ashish Agarwal Case Analysis
Facts of the Case
Multiple writ petitions were filed challenging reassessment notices
issued under Section 148 of the Income Tax Act for AY 2016–17 and 2017–18.
The notices were issued after 01.04.20...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Notices u/s 148 Beyond Limitation Held Invalid Where Escaped Income Below ₹50 Lakhs
Facts of the
CaseThe present batch of writ petitions concerned
reassessment proceedings initiated under Section 148 of the Income Tax Act,
1961 for Assessment Years 2016–17 and 2017–18. The petitioners (assessees)...
Ganesh Dass Khanna vs Income Tax Officer: Challenge to Reassessment Notices and Limitation Period under Section 148 and Section 149 of the Income Tax Act
Facts of the
Case:The writ petitions filed by various petitioners,
including Ganesh Dass Khanna and others, challenge reassessment notices issued
under Section 148 of the Income Tax Act for the assessment years 2016-1...