Facts of the Case
Multiple petitioners, including Twylight Infrastructure Pvt. Ltd.,
challenged reassessment proceedings initiated by the Income Tax Department. The
impugned notices were issued under Section
148 of the Income-tax Act, 1961, alleging that income chargeable to tax
had escaped assessment for the relevant assessment years.
The reassessment notices were issued under the new reassessment regime introduced by the
Finance Act, 2021, and were preceded by notices under Section 148A(b) proposing
reassessment.
The petitioners contended that the reassessment notices
were issued without obtaining proper
statutory approval from the specified authority under Section 151 of the Act,
which is mandatory before issuing such notices.
It was further argued that in certain cases the
reassessment proceedings were initiated beyond
three years from the end of the relevant assessment year, and therefore
approval from the appropriate authority specified under Section 151(ii) was required.
Aggrieved by the alleged non-compliance with
statutory requirements, the petitioners approached the Delhi High Court seeking quashing of the reassessment notices and
consequential proceedings.
Issues Involved
- Whether reassessment proceedings initiated under Sections 147/148 read with Section 148A
were legally valid.
- Whether mandatory approval
of the specified authority under Section 151 was obtained before
issuing reassessment notices.
- Whether reassessment notices issued without proper statutory
sanction could survive in law.
- Whether reassessment proceedings initiated beyond the prescribed
limitation period require approval from the correct authority under Section 151(ii).
Petitioner’s Arguments
- The reassessment notices and consequential proceedings were invalid in law as they were not
supported by the approval of the specified authority as required under Section 151 of the Income-tax Act.
- Obtaining sanction from the competent authority before issuing a
notice under Section 148 is
a mandatory statutory requirement.
- The Revenue failed to demonstrate that approval had been granted by
the competent authority prior to initiating reassessment proceedings.
- In cases where reassessment was initiated after three years, approval was obtained from an authority
applicable to Section 151(i)
rather than the competent authority under Section 151(ii).
- Therefore, the impugned notices and proceedings were liable to be quashed for non-compliance with
statutory requirements.
Respondent’s Arguments
- The Revenue contended that the reassessment proceedings were
initiated in accordance with the statutory framework introduced by the Finance Act, 2021, and the
procedure prescribed under Section
148A.
- It was submitted that the reassessment notices were issued after
considering relevant information suggesting that income had escaped
assessment.
- The Department argued that the notices were issued within the
permissible limitation period, including extensions available under the Taxation and Other Laws (Relaxation and
Amendment of Certain Provisions) Act, 2020 (TOLA).
- According to the Revenue, the reassessment process was lawful and
the proceedings should be allowed to continue.
Court Findings
The Delhi High Court examined the statutory scheme
governing reassessment proceedings under the Income-tax Act, 1961, particularly
the provisions of Sections 148, 149, and 151.
The Court observed that the statutory framework
clearly mandates that before issuing a notice under Section 148, the Assessing
Officer must obtain sanction from the competent authority specified under
Section 151.
The Court emphasized that where reassessment is
initiated after the prescribed limitation period, approval must be obtained
from the appropriate authority specified under Section 151(ii).
In the present case, the Court noted that approval
had been obtained from an authority not competent under the statutory
provisions, which rendered the reassessment notices legally defective.
The Court held that procedural safeguards prescribed under the statute are mandatory,
and failure to comply with them renders the reassessment proceedings
unsustainable in law.
Court Order
- The Delhi High Court quashed
the reassessment notices and consequential proceedings issued
against the petitioners.
- The Court held that reassessment proceedings initiated without obtaining mandatory approval
from the competent authority under Section 151 cannot be sustained
in law.
- However, the Court clarified that the Revenue would be at liberty to initiate fresh reassessment
proceedings in accordance with law, provided all statutory
requirements are duly complied with.
Important Clarification by the Court
- Approval of the specified
authority under Section 151 is a mandatory statutory requirement before issuing a reassessment
notice under Section 148.
- Approval obtained from an incorrect
authority cannot cure the jurisdictional defect.
- Procedural safeguards in reassessment proceedings must be strictly complied with.
Extension of limitation under TOLA does not override statutory requirements relating to sanction or approval
Link to download the order - https://delhihighcourt.nic.in/app/showFileJudgment/RAS05012024CW165242022_114311.pdf
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