Facts of the Case
The batch of writ petitions before the Delhi High Court concerned
reassessment proceedings initiated by the Income Tax Department for Assessment Years 2016-17 and 2017-18.
In one of the representative matters, the
petitioner filed the return of income for AY 2017-18 declaring income of Rs.
66,88,500. The return was processed and an intimation under Section 143(1) of the Income Tax Act, 1961
was issued.
Subsequently, following the judgment of Union of India v. Ashish Agarwal, the
Revenue issued a notice dated 26.05.2022 under Section 148A(b) alleging that certain income had escaped
assessment. The petitioner submitted a reply to the notice.
Thereafter, the Assessing Officer passed an order
under Section 148A(d) holding
that income amounting to Rs. 4,37,56,000 had escaped assessment and issued a
consequential notice under Section 148
of the Act for reassessment proceedings.
The petitioners challenged these notices and orders
before the High Court contending that the reassessment proceedings had been
initiated without approval from the
“specified authority” as required under Section 151 of the Income Tax Act.
Issues Involved
- Whether reassessment notices issued under Sections 148 and 148A of the Income Tax Act, 1961 are valid
when the approval is obtained from an authority not designated as the specified authority under Section
151(ii).
- Whether the approval of the specified authority is mandatory before
issuance of notice under Section 148.
- Whether reassessment proceedings initiated without such approval
are liable to be quashed.
Petitioner’s Arguments
- The reassessment proceedings were initiated without obtaining
approval from the correct
specified authority under Section 151(ii) of the Income Tax Act.
- As more than three years had elapsed from the end of the relevant
assessment year, the approval should have been taken from Principal Chief Commissioner/Principal
Director General/Chief Commissioner/Director General, as required
by the statute.
- However, the approval had been taken from authorities falling under
Section 151(i) which was
not permissible in the circumstances.
- The first proviso to Section
148 makes prior approval of the specified authority mandatory
before issuance of notice.
- Therefore, the reassessment notices and orders were without
jurisdiction and liable to be set aside.
Respondent’s Arguments
- The reassessment proceedings were validly initiated in accordance
with law.
- 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 argued that approval from the specified authority was not
mandatory in the manner contended by the petitioners.
- The Revenue further submitted that if the Court found any defect in
approval, liberty should be granted to initiate reassessment proceedings
afresh.
Court Findings
The Delhi High Court examined the statutory
framework of Sections 148, 149 and 151
of the Income Tax Act, both before and after the amendments introduced
by the Finance Act, 2021.
- The first proviso to Section
148 clearly mandates that no
notice shall be issued unless the Assessing Officer obtains prior approval
of the specified authority.
- Section 151 specifies the authority competent to grant such
approval depending on the time elapsed since the relevant assessment year.
- Where more than three years
have elapsed, the approval must be granted by authorities specified
under Section 151(ii).
- In the present batch of cases, it was undisputed that the approval
had been obtained from authorities mentioned in Section 151(i) instead of Section 151(ii).
- Therefore, the reassessment proceedings had been initiated without
the approval of the competent specified authority.
The Court also referred to its earlier decision in Ganesh Dass Khanna v. Income Tax Officer
& Anr., 2023: DHC: 8187-DB, which discussed the relationship between
limitation provisions and the authority competent to grant approval.
Court Order
- The impugned notices and orders issued under Sections 148 and 148A(d) were
invalid as they lacked approval from the specified authority under Section 151(ii).
- Consequently, all the impugned reassessment notices and orders were
quashed.
- However, the Court granted liberty to the Revenue to initiate
reassessment proceedings afresh in
accordance with law, if permissible.
Important Clarification
- Prior approval of the specified authority under Section 151 read with the first proviso
to Section 148 is mandatory before issuing a reassessment notice.
- The rank of the authority
granting approval depends on the limitation period prescribed under
Section 149.
- Any reassessment proceedings initiated without approval from the correct statutory authority are liable to be set aside.
Link to download the order - https://delhihighcourt.nic.in/app/showFileJudgment/RAS05012024CW165242022_114311.pdf
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