Supreme Court of India · 2022-03-28
DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL) CIRCLE 1(2) vs M/S M.R. SHAH LOGISTICS PVT. LTD
- Citation / case number
- SC 2019/22047
- Court
- Supreme Court of India
- Petitioner
- DEPUTY COMMISSIONER OF INCOME TAX (CENTRAL) CIRCLE 1(2)
- Respondent
- M/S M.R. SHAH LOGISTICS PVT. LTD
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE THE CHIEF JUSTICE
Judgment text excerpt
The Supreme Court upheld the Gujarat High Court's decision to quash a notice issued under Section 147/148 of the Income Tax Act, which sought to re-open the assessment of M/s. M. R. Shah Logistics Pvt. Ltd. for the assessment year 2010-11. The court found that the revenue's basis for reopening the assessment, which involved allegations of accommodation entries linked to Shirish Chandrakant Shah, lacked sufficient evidence to justify the action. Consequently, the court ruled in favor of the respondent, affirming the High Court's judgment.