Gulmohar Towers Private Limited Vs. Income Tax Officer, Ward 10(2)
Case No: ITA No. 976/KOL/2025
Court: Income Tax Appellate Tribunal 'B' Bench, Kolkata
Date: 2/2/2026
Parties Involved
appellantGulmohar Towers Private Limited
respondentIncome Tax Officer, Ward 10(2)
Facts Summary
The assessee, Gulmohar Towers Private Limited, filed its return of income on 26.09.2011 declaring a total income of ₹12,23,346/-. The return was processed under section 143(1) of the Income-tax Act, 1961 on 11.01.2012. Subsequently, the assessment was reopened under section 147 of the Act by issuing a notice under section 148 on 30.03.2018, alleging that income amounting to ₹43,32,00,000/- had escaped assessment. The reopening was based on information received from the investigation wing indicat…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of the reopening of assessment under section 147 of the Income-tax Act, 1961
- 2. Validity of the sanction granted by the Principal Commissioner of Income Tax under section 151 of the Act
Precedents Relied Upon
11 precedents cited in this judgement.