Sanand Properties P. Ltd. vs Jt. Commr. of I. T. Range

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(SC) 520

J. B. PARDIWALA, K. V. VISWANATHAN
Sanand Properties P. Ltd. – Appellant
Versus
Jt. Commr. of I. T. Range – Respondent

Advocates appeared:
For the Appellant(s) : Mrs. Anil Katiyar, AOR Ms. Manisha T Karia, Sr. Adv. Ms. Anita Bafna, AOR Ms. Shreya Gupta, Adv. Ms. Ananya Arora, Adv. Mr. Deepin Sahni, Adv. Mr. Vishal Navale, Adv. Mr. Varun Khetwani, Adv.
For the Respondent(s): Ms. Manisha T Karia, Sr. Adv. Ms. Shreya Gupta, Adv. Ms. Ananya Arora, Adv. Mr. Vishal Navale, Adv. Mr. Deepin Sahni, Adv. Mr. Varun Khetwani, Adv. Ms. Anita Bafna, AOR Mr. Raghavendra P Shankar, A.S.G. Mr. Raj Bahadur Yadav, AOR Mr. Karan Lahiri, Adv. Mr. Navanjay Mahapatra, Adv. Mr. Sarthak Karol, Adv. Mr. Priyanka Terdal, Adv. Ms. Manisha T. Karia, Sr. Adv. Mr. Vipin Kumar, AOR Mr. Deepin Deepak Sahni, Adv. Ms. Shreya Gupta, Adv. Ms. Ananya Arora, Adv. Mr. Varun Khetwani, Adv.

JUDGMENT :

J.B. PARDIWALA, J.

For the convenience of exposition, this judgment is divided into the following parts:

INDEX
A.	FACTUAL MATRIX
	(i) (ii) (iii)	The Impugned Order in Civil Appeal No. 744 of 2013 The Impugned Order in Civil Appeal No. 9107 of 2012 The Impugned Order in Civil Appeal 19487 of 2017
B.	SUBMISSIONS ON BEHALF OF THE PARTIES
	(i) (ii)	Submissions on behalf of the Assessee Submissions on behalf of the Revenue
C.	ISSUES TO BE DETERMINED
D.	ANALYSIS
	(i) (ii)	Whether the reopening of assessments of the SPPL for the AY 2007-08 and the AY 2008-09, respectively, were valid? (a) Statutory Framework Governing Reassessment under Section 147 and Section 148 of the IT Act, 1961 respectively (b) Meaning and scope of “reason to believe” under Section 147 of the IT Act, 1961 (c) Whether the Assessing Officer had any tangible material or were the reopening of assessments on mere change of opinion? Whether the amount accrued to the SPPL from the AOP, based on Clause 7 of the AOP Agreeme

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2026 Supreme(SC) 520

J. B. PARDIWALA, K. V. VISWANATHANSanand Properties P. Ltd. – AppellantVersusJt. Commr. of I. T. Range – Respondent

Cases Referred (8)

J. B. PARDIWALA, K. V. VISWANATHAN
Sanand Properties P. Ltd. – Appellant
Versus
Jt. Commr. of I. T. Range – Respondent