ITA No.5042/Del/2024 Rachit Enterprises (AY: 2018-19)

Parties Involved

Facts Summary

This appeal is preferred by the Revenue against the order dated 30.09.2024 of the Ld. National Faceless Appeal Centre (NFAC) Delhi, which quashed the notice u/s 148 of the Income Tax Act, 1961 issued by the jurisdictional Assessing Officer. The Revenue contends that a Special Leave Petition has been preferred before the Hon’ble Supreme Court of India against the order of Hon’ble High Court relied by the ld. CIT(A). However, there is no stay of that decision or subsequent decision in favor of the department. At the time of hearing, no one appeared for the appellant, and the record shows that notices have been issued repeatedly.…

Legal Issues

• 1. Whether the order of NFAC quashing the notice u/s 148 is sustainable in light of the Revenue’s Special Leave Petition before the Supreme Court.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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