Facts of the Case
The petitioners had filed their income tax returns for Assessment Years
2016-17 and 2017-18, which were processed by the department under Section 143(1) of the Income Tax Act, 1961.
Following the decision of the Supreme Court in Union of India vs Ashish Agarwal, the
Income Tax Department issued show cause
notices under Section 148A(b) alleging that income chargeable to tax had
escaped assessment.
After considering the replies filed by the
petitioners, the Assessing Officer passed orders under Section 148A(d) and subsequently issued reassessment
notices under Section 148 of the
Act.
The petitioners challenged the reassessment
proceedings before the Delhi High Court, contending that the notices were
issued without obtaining prior approval
from the “specified authority” as required under Section 151(ii) of the
Income Tax Act.
Issues Involved
- Whether reassessment notices issued under Sections 148A(d) and 148 of the Income Tax Act are valid
without obtaining prior approval
of the specified authority under Section 151(ii).
- Whether approval obtained from an authority mentioned in Section 151(i) is sufficient when
more than three years have elapsed
from the end of the relevant assessment year.
Petitioner’s Arguments
- The reassessment proceedings were initiated without approval of the appropriate specified authority as
required under Section 151(ii)
of the Act.
- Since more than three years
had elapsed from the end of the relevant assessment year, approval
had to be obtained from the authorities specified under Section 151(ii).
- However, the approval was obtained from Principal Commissioner / Commissioner level authority, which
falls under Section 151(i)
and not under Section 151(ii).
- Therefore, the reassessment proceedings were without jurisdiction and liable to be
quashed.
- The petitioners relied upon the Delhi High Court decision in Ganesh Dass Khanna vs ITO, where
similar reassessment notices were invalidated.
Respondent’s Arguments
- The Revenue contended that the reassessment proceedings were
initiated in accordance with law following the Supreme Court judgment in Union of India vs Ashish Agarwal.
- It was argued that the Assessing Officer had obtained approval from
the competent authority and therefore the reassessment notices were valid.
- The Revenue also relied upon departmental instructions issued for
implementation of reassessment proceedings after the Finance Act, 2021 amendments.
Court Findings
- The first proviso to
Section 148 mandates that no notice can be issued unless the
Assessing Officer obtains prior
approval of the specified authority.
- After the Finance Act, 2021,
Section 151 clearly identifies different
specified authorities depending on the time elapsed from the end of the
relevant assessment year.
- Where more than three years
have elapsed, the approval must be obtained from the authorities
specified in Section 151(ii).
- In the present case, although more than three years had passed, the
department obtained approval from authorities covered under Section 151(i).
- Such approval does not
satisfy the statutory requirement for reassessment proceedings
beyond three years.
Court Order
The Delhi High Court held that the reassessment
proceedings were not legally
sustainable.
Accordingly, the Court quashed the impugned notices issued under Section 148A(d) and Section 148
of the Income Tax Act.
However, the Court granted liberty to the Revenue
to initiate reassessment proceedings
afresh in accordance with law, if otherwise permissible.
Important Clarification
- Approval of the specified authority under
Section 151 is mandatory before issuing reassessment
notices.
- The authority granting approval must correspond with the time limitation prescribed under the
statute.
- If approval is obtained from the wrong authority, the entire reassessment proceeding becomes invalid and without jurisdiction.
Link to download the order - https://delhihighcourt.nic.in/app/showFileJudgment/RAS05012024CW165242022_114311.pdf
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