Gkn driveshaft v. ito 2003 259 itr 19 sc

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August undefined, 2024

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 ... 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 …

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

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 … 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. state record walleye sd

Devansh Exports vs. ACIT (ITAT Kolkata) – itatonline.org

WebThe 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 … WebAug 3, 2024 · GKN Driveshafts (India) Ltd. v. ITO [2002] 125 Taxman 963/ [2003] 259 ITR 19 (SC) (para 8) T.V. Mylsamy v. Dy. CIT [W.P.No. 27598 of 2008, dated 29-1-2024] (para 14) Smt. Mira Ananta Naik v. Dy. CIT (Investigation) [2009] 183 Taxman 40 (Bom.) (para 20) Fenner (India) Ltd. v. Dy. CIT [1999] 107 Taxman 53/ [2000] 241 ITR 672 (Mad.) (para … 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. state records act 1997

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Gkn driveshaft v. ito 2003 259 itr 19 sc

Webgkn driveshafts india ltd vs ito 2003 259 itr 19 sc F: AVAILEMENT OF GST CREDIT F: Credit of ITC F: Export of services and FIRC F: TDS ON PURCHASE OF RESIDENTIAL … 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.

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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: Webby assessee to reopening of assessment, in view of decision of Supreme Court in GKN Driveshafts (India) Ltd. v. ITO [2003]259 ITR 19 , matter was to be remitted to Assessing Officer to pass fresh order on objections raised by assessee to proposed reassessment. Energy Services Ltd.v .ACIT [2010] 233 CTR 175(BOM.)

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); ... 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.

WebThe Income Tax Act, 1961 (“the Act”), inter alia, contains the provisions for assessment of income whereby the assessing officer (“the AO”) scrutinises the return of income filed by an assessee and makes an assessment to determine the income chargeable to … 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 …

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, …

Webgkn 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 … state record whitetail deerWebDec 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. state records act 2000 summaryWebJan 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 … state record white bass