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Supreme Court - Daily Orders

The Deputy/Assistant Commissioner Of ... vs M/S Financial Software And Systems ... on 22 July, 2022

Bench: M.R. Shah, B.V. Nagarathna

     ITEM NO.23                                    COURT NO.11                      SECTION XII

                                       S U P R E M E C O U R T O F            I N D I A
                                               RECORD OF PROCEEDINGS

     Petition for Special Leave to Appeal (C)                           No.    11574/2022

     (Arising out of impugned final judgment and order dated 23-08-2021
     in WA No. 2059/2021 passed by the High Court of Judicature at
     Madras)

     THE DEPUTY/ASSISTANT COMMISSIONER OF INCOME TAX                                Petitioner(s)

                                                            VERSUS

     M/S FINANCIAL SOFTWARE AND SYSTEMS PRIVATE LTD.                                Respondent(s)

     (FOR ADMISSION and I.R. )

     Date : 22-07-2022 This petition was called on for hearing today.

     CORAM :
                               HON'BLE MR. JUSTICE M.R. SHAH
                               HON'BLE MRS. JUSTICE B.V. NAGARATHNA

     For Petitioner(s)                        Mr. Balbir Singh, ASG
                                             Mr. Divyanshi, Adv
                                             Ms. Meera Kaur Patel Adv
                                             Mr. Amit Sharma B, Adv
                                             Mr. Raj Bahadur Yadav, AOR

     For Respondent(s)

                               UPON hearing the counsel the Court made the following
                                                  O R D E R

The re-opening of the assessment has been set aside by the High Court by specifically observing that the re- assessment proceedings were on change of opinion and after taking into consideration the fact that at the time of original assessment under Section 143 of the Income-tax Act, 1961, specific queries were raised which were answered by the Assessee and, therefore, thereafter it was not open for the Signature Not Verified Digitally signed by R Natarajan Date: 2022.07.26 Revenue to re-open the assessment proceedings on the 14:46:22 IST Reason: same ground and thereafter when the re-assessment proceedings Contd..

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have been set aside, it cannot be said that the High Court has committed any error. The Special Leave Petition stands dismissed.

Pending application(s) shall stand disposed of.

(NEETU SACHDEVA)                                    (NISHA TRIPATHI)
ASTT. REGISTRAR-cum-PS                            ASSISTANT REGISTRAR