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Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Reassessment Notices u/s 148 Invalid Where Escaped Income Below ₹50 Lakhs
Facts of the
Case
The batch of writ petitions concerned reassessment notices issued
under Section 148 for AYs 2016-17 and 2017-18.
The core issue arose due to amendments introduced by the Finance
Act, 2...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. (Delhi High Court, 2023) – Limitation under Section 149(1) for Reassessment Notices below ₹50 Lakhs
Facts of the
Case
Multiple writ petitions were filed challenging reassessment notices
issued under Section 148 for AYs 2016–17 and 2017–18.
The central issue across all petitions was identical:
Whet...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors. | Reassessment Limitation under Sections 148 & 149 of Income Tax Act, 1961 (Delhi High Court, 2023)
Facts of the
Case
The petitions relate to Assessment Years (AY) 2016–17 and 2017–18.
Notices under Section 148 were issued after the introduction of the
new reassessment regime (Finance Act, 2021).
The...
Ganesh Dass Khanna & Ors. vs Income Tax Officer & Ors. – Validity of Reassessment Notices under Sections 148 & 149 of Income Tax Act, 1961 (Delhi High Court, 2023)
Facts of the
CaseThe present batch of writ petitions concerned
reassessment notices issued for Assessment Years 2016–17 and 2017–18.The central issue arose due to notices issued
under Section 148 of the Income Tax...
Ganesh Dass Khanna & Connected Matters vs Income Tax Officer & Ors (Delhi High Court, 2023) – Reassessment Notices u/s 148 Beyond Limitation Invalid When Escaped Income Below ₹50 Lakhs
Facts of the
CaseThe present batch of writ petitions involved
multiple assessees challenging reassessment proceedings initiated under Section
148 of the Income Tax Act for Assessment Years 2016–17 and 2017–18. The...
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...