ITA Nos. 2374/Mum/2026

Parties Involved

Facts Summary

The assessee, ITS India Pvt. Ltd, filed its return of income for the assessment year 2014-15, declaring a loss. The return was selected for scrutiny, and the assessment was completed under Section 143(3) of the Income-tax Act, 1961. Subsequently, the Assessing Officer reopened the assessment under Section 147 of the Act, issuing multiple show-cause notices under Section 148A(b) of the Act. The assessee challenged the validity of the assessment order, arguing that the Assessing Officer did not adhere to the timeline for passing the order under Section 148A(d) of the Act.…

Legal Issues

• 1. Whether the assessment order passed under Section 147 read with Section 144B of the Income-tax Act, 1961 is valid.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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