Facts of the Case
The petitioners, including Twylight Infrastructure Pvt. Ltd. and several other assessees,
challenged reassessment proceedings initiated by the Income Tax Department.
The Assessing Officer issued notices under Section 148 of the Income-tax Act, 1961,
alleging escapement of income for the relevant assessment years. These notices
were issued following the new reassessment regime introduced by the Finance
Act, 2021.
The petitioners contended that the reassessment
notices and subsequent proceedings were invalid because the mandatory sanction
from the “specified authority”
required under Section 151 of the
Income-tax Act had not been properly obtained.
Accordingly, the petitioners approached the Delhi
High Court under Article 226 of the
Constitution of India, seeking quashing of the reassessment notices and
related proceedings.
Issues Involved
- Whether reassessment notices issued under Section 148 of the Income-tax Act, 1961 were valid without
obtaining proper sanction from the specified authority under Section 151.
- Whether failure to comply with statutory approval requirements
vitiates the reassessment proceedings.
- Whether the reassessment notices and orders were liable to be
quashed for non-compliance with the mandatory provisions of the Income-tax
Act.
Petitioner’s Arguments
- The reassessment proceedings were initiated without obtaining
proper approval from the specified
authority mandated under Section
151 of the Income-tax Act.
- The sanction granted by the authority did not satisfy the statutory
requirement under the amended reassessment framework.
- Since the sanction was mandatory, failure to obtain valid approval
rendered the entire reassessment process illegal.
- The notices issued under Section
148 and the consequential orders were therefore liable to be
quashed.
Respondent’s Arguments
- The reassessment proceedings were initiated based on information
suggesting escapement of income.
- The sanction for issuing notices had been obtained in accordance
with the statutory procedure.
- The petitioners had alternative remedies under the Income-tax Act,
and therefore the writ petitions should not be entertained.
Court Findings
- The law mandates that prior approval from the specified authority is required
before issuing a notice under Section
148 in reassessment cases.
- The rank of the authority granting sanction is crucial and must
strictly comply with Section 151
of the Act.
- In the present case, the sanction required from the competent
authority was not properly obtained before issuing the reassessment
notices.
Since the mandatory statutory requirement had not
been fulfilled, the reassessment notices and related proceedings were held to
be legally unsustainable.
Court Order
- Quashed the impugned reassessment notices
and orders issued under Section 148 of the Income-tax
Act.
- Held that the reassessment proceedings were invalid due to lack of proper approval from the
specified authority under Section 151(ii).
- Granted liberty to the Revenue to initiate reassessment proceedings afresh, provided that they
comply with the statutory requirements and due process of law.
Important Clarification
- Sanction from the specified
authority under Section 151 is a mandatory condition for issuing reassessment notices.
- Non-compliance with this statutory requirement renders reassessment
proceedings invalid.
- However, the Income Tax Department retains the right to initiate
fresh proceedings in accordance with the law.
Link to download the order - https://delhihighcourt.nic.in/app/showFileJudgment/RAS05012024CW165242022_114311.pdf
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