Supreme Court of India · 2024-01-23
M/S. MANGALAM PUBLICATIONS, KOTTAYAM vs COMMISSIONER OF INCOME TAX, KOTTAYAM
- Citation / case number
- SC 2010/25389
- Court
- Supreme Court of India
- Petitioner
- M/S. MANGALAM PUBLICATIONS, KOTTAYAM
- Respondent
- COMMISSIONER OF INCOME TAX, KOTTAYAM
- Author
- UJJAL BHUYAN ABHAY S. OKA
- Bench
- HON'BLE MR. JUSTICE UJJAL BHUYAN HON'BLE MR. JUSTICE ABHAY S. OKA
Judgment text excerpt
The Supreme Court addressed the legality of reassessment under Section 147 of the Income Tax Act, 1961, following a notice under Section 148. The Court held that the High Court's reversal of the Income Tax Appellate Tribunal's decision in favor of the assessee was incorrect, emphasizing that the reassessment process must adhere to statutory requirements. The Court ultimately ruled in favor of the assessee, reinstating the Tribunal's decision and setting aside the High Court's order.