WebJan 31, 2002 · Gkn Driveshafts (India) Ltd. v. Ito. ORDER This petition is directed against the notices issued to the petitioner under sections 148 and 143 (2) of the Income Tax … Webhas been made in view of the law laid down by the Hon’ble Supreme Court in the case of GKN Driveshafts (India) Ltd. Vs. Income-Tax Officer, reported in 2002 (125) Taxman 963 SC. Accordingly, it is argued by the learned counsel for the Respondent Nos. 1 and 2 that the alternate and only remedy for the Petitioner is

Reassessment proceedings under section 148 of Income-tax

WebIndian Kanoon - Search engine for Indian Law WebJan 29, 2011 · If we were to accept this argument, we would have to ignore the directions given by the Supreme Court in GKN Driveshafts (India) Ltd. ’s case (supra) that the Assessing Officer is bound to furnish reasons within a reasonable time. The notice under section 148 was issued on 29-3-2004. hoffman 1625b head

Reassessment Proceedings under the Income-tax Act, 1961 - WIRC …

WebIn the notice u/s. 148 dated 24-03-2015 the assessee was given 30 days time to file the return of income. However, the assessee failed to comply with the conditions of the notice. Now, the assessee cannot agitate that the conditions set out by the Hon ble Supreme Court of India in the case of GKN Driveshafts (India) Ltd. Vs. Income Tax Officer ... Web2 days ago · Admittedly, the said objections were not separately dealt with by the Assessing Officer (AO) as mandatorily required by the judgment of Supreme Court in GKN Driveshafts (India) Ltd. ( supra ). On that short ground, the reopening of the assessment is rendered bad in law and the impugned reassessment order deserves to be set aside. 9. WebThe principal grievance of the petitioners is based on the judgment of the apex court in the case of GKN Driveshafts (India) Ltd. v. ITOreported in [2003] 259 ITR 19. https://ninite.com microsoft office