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Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 2015 (8) TMI SC This

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2015 (8) TMI 480 - SC - Income Tax


  1. 2022 (4) TMI 46 - SC
  2. 2020 (5) TMI 27 - SC
  3. 2024 (2) TMI 404 - HC
  4. 2023 (1) TMI 180 - HC
  5. 2022 (9) TMI 1098 - HC
  6. 2022 (2) TMI 568 - HC
  7. 2021 (7) TMI 348 - HC
  8. 2021 (3) TMI 900 - HC
  9. 2021 (3) TMI 798 - HC
  10. 2021 (2) TMI 585 - HC
  11. 2021 (3) TMI 1013 - HC
  12. 2020 (12) TMI 565 - HC
  13. 2020 (3) TMI 606 - HC
  14. 2020 (1) TMI 1070 - HC
  15. 2020 (1) TMI 300 - HC
  16. 2019 (12) TMI 1426 - HC
  17. 2020 (2) TMI 1282 - HC
  18. 2019 (8) TMI 410 - HC
  19. 2019 (8) TMI 1060 - HC
  20. 2019 (8) TMI 460 - HC
  21. 2019 (7) TMI 1323 - HC
  22. 2019 (7) TMI 1048 - HC
  23. 2019 (7) TMI 441 - HC
  24. 2019 (7) TMI 29 - HC
  25. 2019 (5) TMI 350 - HC
  26. 2019 (4) TMI 966 - HC
  27. 2019 (1) TMI 1073 - HC
  28. 2018 (12) TMI 1221 - HC
  29. 2018 (12) TMI 1397 - HC
  30. 2018 (12) TMI 1463 - HC
  31. 2018 (11) TMI 139 - HC
  32. 2018 (9) TMI 1703 - HC
  33. 2018 (9) TMI 720 - HC
  34. 2018 (5) TMI 1551 - HC
  35. 2018 (5) TMI 1387 - HC
  36. 2018 (2) TMI 2074 - HC
  37. 2018 (1) TMI 1525 - HC
  38. 2017 (11) TMI 132 - HC
  39. 2017 (9) TMI 1415 - HC
  40. 2017 (9) TMI 743 - HC
  41. 2017 (8) TMI 241 - HC
  42. 2017 (1) TMI 1038 - HC
  43. 2016 (11) TMI 71 - HC
  44. 2016 (9) TMI 118 - HC
  45. 2016 (8) TMI 162 - HC
  46. 2016 (5) TMI 804 - HC
  47. 2016 (6) TMI 381 - HC
  48. 2016 (2) TMI 710 - HC
  49. 2016 (1) TMI 946 - HC
  50. 2023 (3) TMI 1348 - AT
  51. 2023 (3) TMI 556 - AT
  52. 2023 (1) TMI 161 - AT
  53. 2022 (12) TMI 346 - AT
  54. 2022 (5) TMI 1532 - AT
  55. 2022 (2) TMI 874 - AT
  56. 2021 (12) TMI 1434 - AT
  57. 2021 (8) TMI 897 - AT
  58. 2021 (6) TMI 421 - AT
  59. 2021 (6) TMI 67 - AT
  60. 2021 (5) TMI 522 - AT
  61. 2020 (4) TMI 11 - AT
  62. 2020 (1) TMI 1627 - AT
  63. 2019 (11) TMI 96 - AT
  64. 2019 (11) TMI 28 - AT
  65. 2019 (7) TMI 1689 - AT
  66. 2019 (4) TMI 418 - AT
  67. 2019 (3) TMI 327 - AT
  68. 2019 (2) TMI 160 - AT
  69. 2018 (10) TMI 1584 - AT
  70. 2018 (11) TMI 1540 - AT
  71. 2018 (9) TMI 869 - AT
  72. 2018 (6) TMI 1591 - AT
  73. 2018 (4) TMI 1640 - AT
  74. 2018 (2) TMI 292 - AT
  75. 2018 (2) TMI 249 - AT
  76. 2017 (11) TMI 1927 - AT
  77. 2017 (11) TMI 1809 - AT
  78. 2017 (9) TMI 477 - AT
  79. 2017 (8) TMI 1346 - AT
  80. 2017 (9) TMI 641 - AT
  81. 2017 (9) TMI 640 - AT
  82. 2017 (9) TMI 426 - AT
  83. 2017 (3) TMI 1570 - AT
  84. 2016 (12) TMI 1663 - AT
  85. 2017 (2) TMI 632 - AT
  86. 2016 (10) TMI 498 - AT
  87. 2016 (7) TMI 1182 - AT
  88. 2016 (2) TMI 921 - AT
  89. 2016 (2) TMI 496 - AT
  90. 2015 (8) TMI 365 - AT
  91. 2015 (7) TMI 1020 - AT
Issues:
1. Validity of notice issued under section 143 read with section 147 of the Income-tax Act challenging the acceptance of the Income-tax return for the assessment year 1991-92.
2. Interpretation of the concept of "change of opinion" in relation to acceptance of return under section 143(1) of the Income-tax Act.
3. Error in judgment by the High Court in not addressing the main issue regarding the validity of the notice issued by the appellant-Department.

Analysis:
1. The judgment addressed the issue of the validity of the notice issued under section 143 read with section 147 of the Income-tax Act challenging the acceptance of the Income-tax return for the assessment year 1991-92. The respondent-assessee had filed the return, which was accepted under section 143(1) of the Act. However, the Assessing Officer later raised a query regarding the taxation of capital gains arising from a sale agreement entered into by the assessee. The High Court allowed the writ petition challenging the validity of the notice, leading to the appeal in the Supreme Court. The Supreme Court found that the High Court's judgment was erroneous and set it aside, thereby upholding the validity of the notice issued by the appellant-Department.

2. The judgment delved into the interpretation of the concept of "change of opinion" in the context of the acceptance of the return under section 143(1) of the Income-tax Act. The appellant-Department contended that since the return was accepted under section 143(1), there was no "change of opinion" justifying the issuance of the notice challenging the acceptance. The Supreme Court referred to the judgment in Asst. CIT v. Rajesh Jhaveri Stock Brokers Private Ltd. to emphasize that the intimation under section 143(1)(a) does not amount to an assessment order, and therefore, the question of "change of opinion" does not arise in such cases. The Court held that the notice issued was valid based on this interpretation, overturning the High Court's decision.

3. The judgment highlighted the error in the High Court's decision for not addressing the main issue concerning the validity of the notice issued by the appellant-Department. The Court found that the High Court failed to consider the aspect of "change of opinion" in the context of accepting the return under section 143(1) of the Income-tax Act. Consequently, the Supreme Court set aside the High Court's judgment and allowed the appeal, thereby reinstating the validity of the notice challenging the acceptance of the Income-tax return for the assessment year 1991-92. Additionally, the Court remitted the matter back to the Income-tax Appellate Tribunal to decide the appeal of the respondent on its merits, following the setting aside of the High Court's judgment.

 

 

 

 

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