Rounak Paint Works vs. Income Tax Officer

Parties Involved

Facts Summary

Rounak Paint Works, the assessee, filed an appeal against the order passed by the Commissioner of Income Tax (Appeals) under section 250 of the Income Tax Act, 1961. The assessee was aggrieved by the reassessment order passed by the Assessing Officer under section 148 of the Act. The assessee argued that the reassessment order was illegal and violated the principles of natural justice. The assessee claimed that the Assessing Officer did not conduct an independent inquiry before issuing the notice under section 148A of the Act. The assessee also argued that the reassessment order was based on borrowed information and without proper consideration of the assessee's submissions.…

Legal Issues

• 1. Whether the impugned order passed by the Commissioner of Income Tax (Appeals) is illegal and in violation of the principles of natural justice?

Judgment Outcome

Decided in favour of Assessee.

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