Income Tax Officer, Mumbai Vs. Juzar Mustansir Angoothiwala

Parties Involved

Facts Summary

The assessee, Juzar Mustansir Angoothiwala, filed a return of income for the Assessment Year 2012-13 declaring total income of ₹1,50,13,380. The return was selected for scrutiny, and an assessment order under section 143(3) was passed on 23.02.2015. The Assessing Officer issued a notice under section 148 on 30.03.2019, beyond four years from the end of the relevant assessment year, based on information from the Investigation Wing regarding transactions with M/s Supreme Multitrade Pvt. Ltd. The assessee filed objections, pointing out that the notice was issued beyond the statutory period and that the Assessing Officer had incorrectly assumed that the return had been processed under section 143(1) instead of being assessed under section 143(3).…

Legal Issues

• 1. Whether the Assessing Officer correctly assumed jurisdiction under sections 147/148 of the Income-tax Act, 1961?

Judgment Outcome

Decided in favour of Partly Assessee / Partly Revenue.

Precedents Relied Upon

Similar Judgements

• Avishkar Nirman Private Ltd Vs ITO Ward-13(1), Kolkata

  Kolkata Bench benchAY 2013-2014Allowed

• Gollapalli Giridhar Venkata Srinivasa vs. ITO, Ward 12(1), Hyderabad

  Hyderabad bench

• ITA No. 871/JPR/2026

  Jaipur bench

• ACIT, Circle-4(1), Kolkata vs. Victor Tradelink Pvt. Ltd.

  Kolkata Bench benchAY 2013-14Dismissed

• Ankitkumar Bharatbhai Patel vs The ITO, Ward-4(1)(1) Ahmedabad

  Ahmedabad bench

• ITA No.3839/Mum/2024 & CO No.180/Mum/2024

  Mumbai bench