M/s Galax Minerals (P) Ltd. (AY: 2017-18)

Parties Involved

Facts Summary

This appeal is preferred by the assessee, M/s Galax Minerals (P) Ltd., against the order dated 25.03.2025 of the Ld. National Faceless Appeal Centre (NFAC) Delhi. The appeal arises out of the order dated 19.05.2023 under sections 147 and 144B of the Income Tax Act, 1961, passed by the Assessment Unit, Income Tax Department for AY: 2017-18. The assessee has raised grounds on merits as well as law, primarily challenging the reassessment order on the basis that the notice under section 148A(b) of the Act issued on 21.03.2024 under section 148 of the Act was not issued after due compliance. The assessee argues that the approval for AY: 2017-18 was sought from the Principle Commissioner of Income Tax-04, Delhi, on 07.07.2022, whereas the law requires approval from the Principal Chief Commissioner of Income Tax.…

Legal Issues

• 1. Whether the notice under section 148A(b) of the Act was issued after due compliance with section 151 of the Act.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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