Facts of the Case
The petitioners filed their respective returns of income for Assessment Years
2016-17 and 2017-18. The returns were processed by the Income Tax
Department and intimations were issued under Section 143(1) of the Income Tax Act, 1961.
Subsequently, after the judgment of the Supreme
Court in Union of India v. Ashish
Agarwal, the Revenue issued notices
under Section 148A(b) alleging that income chargeable to tax had escaped
assessment. The petitioners submitted replies to these notices.
Thereafter, the Assessing Officer passed orders
under Section 148A(d) holding
that certain income had escaped assessment and consequently issued reassessment notices under Section 148
of the Income Tax Act.
The petitioners challenged these reassessment
proceedings before the Delhi High Court, contending that the notices and orders
were issued without approval from the
“specified authority” as mandated under Section 151 of the Income Tax Act.
Issues Involved
- Whether reassessment notices issued under Sections 148 and 148A are valid when the approval is not
obtained from the specified
authority as required under Section 151 of the Income Tax Act, 1961.
- Whether approval obtained from an authority not specified under Section 151(ii) can sustain reassessment
proceedings when more than three years have elapsed from the relevant
assessment year.
- Whether reassessment proceedings initiated in such circumstances
are liable to be quashed.
Petitioner’s Arguments
- The reassessment proceedings were initiated without obtaining approval from the correct specified authority
as required under Section 151(ii)
of the Income Tax Act.
- Since more than three years
had elapsed from the end of the relevant assessment year, approval
should have been taken from the Principal
Chief Commissioner or Principal Director General / Chief Commissioner /
Director General, as prescribed under Section 151(ii).
- Instead, approval had been taken from an authority falling under Section 151(i), which was legally
insufficient.
- Consequently, the reassessment notices issued under Sections 148A(d) and 148 were without jurisdiction and invalid in law.
Respondent’s Arguments
- The reassessment proceedings were valid and initiated after
obtaining approval from the concerned authority.
- Reliance was placed on the Taxation
and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
(TOLA) and CBDT Instruction
No.1/2022 dated 11.05.2022.
- It was contended that the approval requirement should not
invalidate reassessment proceedings in the present circumstances.
Court’s Findings
- The first proviso to
Section 148 clearly mandates that no notice shall be issued unless prior approval of the specified
authority is obtained.
- The amended Section 151
explicitly identifies the authority competent to grant approval depending
upon the time elapsed from the end of the relevant assessment year.
- If more than three years
have elapsed, approval must be obtained from the authority
specified in Section 151(ii).
- In the present batch of cases, although more than three years had
elapsed, approval was taken from an authority falling under Section 151(i).
Court Order
- The impugned orders under
Section 148A(d) and notices
issued under Section 148 were invalid and unsustainable in law due to absence of approval
from the specified authority under Section
151(ii).
- Accordingly, the Court quashed
the impugned notices and orders in all the connected writ
petitions.
- However, the Revenue was granted liberty to initiate fresh reassessment proceedings in accordance
with law if permissible.
Important Clarification by the Court
- Approval from the specified authority under Section 151 is
mandatory for issuing reassessment notices.
- The identity of the specified authority depends on the time elapsed
since the relevant assessment year.
- If the approval is obtained from the wrong authority, the reassessment notice becomes legally unsustainable.
Link to download the order - https://delhihighcourt.nic.in/app/showFileJudgment/RAS05012024CW165242022_114311.pdf
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