M/s LNG Amaethon LLP Vs CIT(A)/NFAC/ITO

Parties Involved

Facts Summary

This appeal arises from the proceedings under section 147 read with section 144 of the Income Tax Act, 1961. The main issue pertains to the validity of section 148 proceedings initiated by the Assessing Officer beyond the prescribed period of three years from the end of the relevant assessment year. The appellant, M/s LNG Amaethon LLP, contends that the notice issued by the Assessing Officer was invalid as it was not approved by the specified authority as required under section 151 of the Act. The appellant relied on several High Court decisions to support their argument that the sanction for the notice was not obtained from the correct authority.…

Legal Issues

• 1. Validity of section 148 proceedings initiated beyond the prescribed period.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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