Jayam Enterprises vs. The Income Tax Officer, Ward-1(1), Salem
Case No: ITA No.3123/Chny/2025
Court: Income Tax Appellate Tribunal ‘A’ Bench: Chennai
Date: 1/28/2026
Parties Involved
appellantJayam Enterprises
respondentThe Income Tax Officer, Ward-1(1), Salem
Facts Summary
The assessee, Jayam Enterprises, a partnership firm, did not file the return of income for Assessment Year 2018-19. The Assessing Officer (AO) received information that the assessee had deposited a sum of Rs. 1,90,29,000/- in cash into the bank account and had withdrawn cash to the tune of Rs. 7,50,000/-. Consequently, the AO issued a notice under section 148A(b) of the Income Tax Act, 1961, and subsequently passed an order under section 148A(d) of the Act on 25.04.2022. The AO completed the ass…
Decision in favour of
Assessee
Legal Issues
- 1. Validity of notice under section 148 of the Act issued after expiry of three years with the approval of PCIT instead of PCCIT.
Precedents Relied Upon
4 precedents cited in this judgement.