Swami Vivekanand College vs. Income Tax Officer, Ward-4(4)

Parties Involved

Facts Summary

For the assessment year 2015-16, the assessee, Swami Vivekanand College, did not file any return of income under section 139(1) of the Act. Based on information from the INSIGHT portal, the Assessing Officer (A.O.) found that the assessee had undertaken transactions in the form of cash deposits during the year under consideration. Consequently, the A.O. reopened the assessment under section 147 of the Act by issuing a notice under section 148 of the Act on 13.04.2022. The A.O. completed the assessment on 08.03.2024, determining the total income at Rs. 1,09,65,970/-. The assessee appealed against this order, which was dismissed by the first appellate authority.…

Legal Issues

• 1. Validity of notice issued under section 148 of the Act, being barred by limitation.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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