Ats Township Pvt Ltd vs Assistant Commissioner Of Income Tax ...

ik-102793080 Delhi High Court 11 December 2024 • 11 min read

Judges (2)

Tushar Rao Gedela Coram Vibhu Bakhru Delivered

Counsel (7)

Anmol Jagga Counsel Respondent Divyansh Dubey Counsel Petitioner Indruj Singh Rai Counsel Respondent Nishcay Kantoor Counsel Petitioner Rahul Singh Counsel Respondent Soniya Dodeja Counsel Petitioner Ved Jain Counsel Petitioner

Parties (2)

ATS Township Pvt Ltd Petitioner Assistant Commissioner of Income Tax Circle 1(1) Delhi Respondent

Case Significance

Ats Township Pvt Ltd vs Assistant Commissioner Of Income Tax ... is a Delhi High Court decision dated December 11, 2024 (citation: ik-102793080). The petitioner challenged reassessment notices issued under Sections 148A(b) and 148 of the Income Tax Act for AY 2014-15 relating to alleged fictitious purchase transactions. The Delhi High Court allowed the petition and set aside the notices and the order under Section 148A(d), holding that the reopening was barred by limitation as it was issued beyond six years from the end of the assessment year without any reference to assets representing escaped income. The bench comprised Justices Tushar Rao Gedela and Vibhu Bakhru. The judgment was delivered by Justice Vibhu Bakhru.

Summary

The petitioner challenged reassessment notices issued under Sections 148A(b) and 148 of the Income Tax Act for AY 2014-15 relating to alleged fictitious purchase transactions. The Delhi High Court allowed the petition and set aside the notices and the order under Section 148A(d), holding that the reopening was barred by limitation as it was issued beyond six years from the end of the assessment year without any reference to assets representing escaped income.

What was the outcome of Ats Township Pvt Ltd vs Assistant Commissioner Of Income Tax ...?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-102793080)