Experion Developers Pvt. Ltd. vs Assistant Commissioner of Income Tax

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2020 Supreme(Del) 21

VIPIN SANGHI, SANJEEV NARULA
Experion Developers Pvt. Ltd. – Appellant
Versus
Assistant Commissioner of Income Tax – Respondent

Advocates Appeared:
For the Petitioner:Ajay Vohra, Senior Advocate, Kavita Jha, Vaibhav Kulkarni, Advocates
For the Respondents: Ruchir Bhatia, Senior Standing Counsel

Table of Content
1. factual context of the case (Para 1 , 2 , 3 , 4 , 5 , 6 , 7)
2. arguments regarding validity and application of reassessment proceedings (Para 9 , 10 , 11 , 12 , 13 , 14)
3. court’s analysis of the reasons for reassessment (Para 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30)
4. legal standards for reassessment (Para 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39)
5. final decisions and conclusions on the case (Para 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49)

JUDGMENT :

Sanjeev Narula, J.

Brief Factual Background

1. The present petitions under Article 226 /227 of the Constitution of India are directed against two separate notices both dated 31.03.2019 issued by respondent No.1 under Section 148 of the INCOME TAX ACT (hereinafter referred to as “the Act”), for the assessment year (AY) 2012-13 and the orders dated 25.09.2019 disposing of the objections filed by the respective petitioners and also the proceedings emanating there from. The grounds for reopening assessment in both cases are a result of the very same investigation and inqu

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2020 Supreme(Del) 21

VIPIN SANGHI, SANJEEV NARULAExperion Developers Pvt. Ltd. – AppellantVersusAssistant Commissioner of Income Tax – Respondent

Cases Referred (10)

VIPIN SANGHI, SANJEEV NARULA
Experion Developers Pvt. Ltd. – Appellant
Versus
Assistant Commissioner of Income Tax – Respondent