Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (8) TMI 230 - HC - Income TaxValidity of assessment u/s 153A - reopening of assessment - Held that:- In case where the requisition is made, the assessment of that particular year is required to be done and the assessing officer is not required to issue notice for assessing or reassessing the total income for six assessment years immediately preceding the assessment year relevant to the previous year in which year search is conducted or requisition is made. The income tax officer after making a valid requisition under Section 132A was to proceed and make an assessment in accordance with the procedure prescribed under Section 132B of the Act by making an assessment of that relevant assessment year under Section 153A of the Act but had no jurisdiction to reopen the assessment of the preceding years. Consequently, the notices dated 15th October, 2012 issued under Section 153A of the Act reopening the assessment proceedings for the year 2006-07 to 2011-12 are all quashed. Notice for making the assessment for the assessment year 2012-13 is valid. - Decided partly in favour of assessee.
|