Gkn driveshaft v. ito 2003 259 itr 19 sc

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August undefined, 2024

WebDec 20, 2024 · Re-assessment order passed in violation of guidelines laid down by the Supreme court in the case of GKN Driveshaft Ltd. is bad in law- ITAT. ABCAUS Case … WebDec 24, 2009 · Wel Intertrade (P) Ltd. & Anr. vs. ITO (2009) 308 ITR 22 19. Tribunal having concluded that all the material facts were fully and truly disclosed by the assessee at the time of original assessment, invocation of provisions of S. 147 after the expiry of four years from the end of the relevant asst. year was not valid.

Gehna vs Union Of India (Uoi) And Anr. on 26 May, 2003

http://expertspanel.in/index.php?qa=48139&qa_1=notice-to-nri-u-s-148-in-continuation WebNov 25, 2002 · The assessing officer is bound to furnish reasons within a reasonable time. On receipt of reasons, the noticee is entitled to file objections to issuance of notice and … immersed festival cardiff

Fomento Resorts & Hotels Ltd. v. ACIT (Bom.)(HC)(Goa Bnech), …

WebJun 8, 2024 · In the landmark judgment in the case of GKN Driveshafts (India) Ltd. v. ITO (2003) 259 ITR 19 (SC) in 2003, the Apex Court laid down a proper procedure/guideline for the revenue and the assessee to be followed while dealing with the initiation of reassessment proceedings. The Apex Court made the observation: WebJan 1, 2024 · ITO (2003) 259 ITR19(sc), The Hon’ble Supreme Court has laid down an elaborate procedure as to the manner of dealing with objections raised against a notice … list of songs in the public domain

Allana Cold Storage Ltd. vs Income-Tax Officer And Ors. on 25 …

WebITO (2003) 259 ITR 19 (SC) and to pass a separate order to deal with the objections- Renders the assumption of jurisdiction by the Assessing Officer ultra vires. [S. 148] The … WebThe Supreme Court in the case of GKN Driveshafts (India) Ltd. v. ITO (2003) 259 ITR 19 (SC), has observed that where notice under section 148 of the Income Tax Act is issued, the proper course of action for the noticee is to file the return and if he so desires, to seek reasons for issuing the notices. list of songs of the yearWebThe matter had been put to rest by Hon’ble Supreme Court by laying down the procedure in case of GKN Driveshafts (India) Ltd. vs. ITO (2003) 259 ITR 19 (SC). Now, under the … immersed filter aquarium

"WebThe principal grievance of the petitioners is based on the judgment of the apex court in the case of GKN Driveshafts (India) Ltd. v. ITO reported in [2003] 259 ITR 19. The law laid down by the apex court in this judgment is that when a notice under Section 148 of the Income-tax Act is issued, the noticee is expected to file the return and if he ... " - Gkn driveshaft v. ito 2003 259 itr 19 sc

Gkn driveshaft v. ito 2003 259 itr 19 sc

Core Principles of Reassessment with Important Case Laws

WebMar 9, 2024 · The Hon’ble Supreme court in GKN Drive Shafts’ case (2003) 259 ITR 19 (SC) : 2003 TaxPub (DT) 734 (SC), clarified the procedure to be followed, when notice is issued under section 148. Therefore, the petitioner has to follow such procedure including by asking the reasons for reopening the assessment. WebAug 2, 2024 · Whether Section 148A covers the Concept of Reasons Recorded and Procedure laid down by Hon’ble Apex Court in GKN Driveshafts (India) Ltd. v. ITO 7. ... 125 Taxman 963/259 ITR 19 (SC). 2.Based on Bir Bahadur Singh Sijwali v. ITO [2015] 53 taxmann.com 366/68 SOT 197 (Delhi – Trib.)(URO); ...

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WebMay 28, 2016 · CIT (2003) 259 ITR 19 (SC) providing reasons for reassessment within a reasonable time, and therefore respectfully following the decisions cited above, the reassessment completed by the Assessing Officer under section 147 of the Act cannot be sustained in the case of the assessee and quashed. ( (i) Commissioner of Income Tax Vs. WebFeb 15, 2012 · The Assessing Officer despite the judgment of the Supreme Court in GKN Driveshafts (India) Ltd., [2003] 259 ITR 19 (SC) has... ITR 19 ( SC ). The Assessing …

Web(2003) 259ITR19(SC), has observed that where notice under Section 148of the IT Act is issued, the proper course of action for the noticee is to file the return and if he so desires, … WebMar 16, 2024 · The Hon’ble Supreme court in GKN Drive Shafts’ case reported in 259 ITR 19 (SC), clarified the procedure to be followed, when notice is issued under Section 148. Therefore, the petitioner has to follow such procedure including by asking the reasons for reopening the assessment.

WebApr 17, 2024 · The Supreme Court in the case of GKN Driveshaft (India) Limited v. ITO(2003) 259 ITR 19 (SC) had clarified that the Assessing, Officer is bound to furnish reasons within a reasonable time. The term ‘reasonable time’ is interpreted by the High Court of Delhi, in the case of Haryana Acrylic Manufacturing Co. v. CIT (2009) 308 ITR … WebITO (2003) 259 ITR 19 (SC) and to pass a separate order to deal with the objections- Renders the assumption of jurisdiction by the Assessing Officer ultra vires. [S. 148] The AO without making any order disposing of the objections filed by the Appellants, proceeded to make an assessment order dated 26th March, 2004.

WebJun 25, 2024 · The Tribunal noted that in the context of reassessment proceedings, the Hon’ble Supreme Court had in GKN Driveshafts (India) Ltd. v. ITO [2003] 259 ITR 19 …

Web2.1 The Apex Court in the case of GKN Driveshafts (India) Ltd. v. DCIT (2003) 259 ITR 19 (SC) has laid down the procedure to challenge the reassessment proceedings. When a … list of songs on electric ladylandWebCIT vs. Mundra Nanvati (Bombay High Court) (2009) 227 CTR 387 Bom. STEP 11:- Assessing officer is duty bound to provide the copy of reason recorded within reasonable … list of songs jewelWebgkn driveshafts india ltd vs ito 2003 259 itr 19 sc. N: Seeks to amend Notification No. 61/94-Customs (N.T.) dated the 21st No... H: Validity of order issued u/s 73 (9) with DRC … immersed free