ACIT v. Rajesh Jhaveri Stock Brokers Pvt. Ltd.

291 ITR 500Supreme Court of India2007#41 most cited

What is ACIT v. Rajesh Jhaveri Stock Brokers Pvt. Ltd. authority for?

For initiating reassessment proceedings under Section 147, the Assessing Officer needs only prima facie material providing a reason to believe that income has escaped assessment. Conclusive proof or the sufficiency/correctness of the material is not required at the stage of issuing the notice under Section 148.

1,030

judgments rely on this decision, according to BharatTax’s citation analysis of 367,154 Indian tax judgments — from 2008 to 2026.

Also referred to as

ACIT v. Rajesh Jhaveri Stock Brokers Pvt. Ltd. · Rajesh Jhaveri · 291 ITR 500 · Section 147 · Section 148 · reason to believe · income escaping assessment · prima facie material · tangible material · validity of reopening · initiation of reassessment · sufficiency of material

Issues it is cited on

Judgments citing ACIT v. Rajesh Jhaveri Stock Brokers Pvt. Ltd.

Sh. Manju Agarwal, New Delhi vs. ITO, New Delhi

In the result, the appeal of the assessee is allowed

ITA 2324/DEL/2014[2004-05]Status: DisposedITAT Delhi28 Sept 2016AY 2004-05

Bench: Sh. H.S. Sidhu & Sh. O.P. Kantassessment Year: 2004-05 Ms. Manju Agarwal, 14B/23, Vs. Income Tax Officer, Ward- 1St Floor, Dev Nagar, Karol 33(1), New Delhi Bagh, New Delhi Pan : Adrpa7112P (Appellant) (Respondent) Appellant By Sh. Deepak Ostwal, Ca Respondent By Sh. Surender Pal, Sr. Dr Date Of Hearing 20.07.2016 Date Of Pronouncement 28.09.2016 Order Per O.P. Kant, A.M.: This Appeal By The Assessee Is Directed Against Order Dated 02/01/2014 Of Learned Commissioner Of Income-Tax (Appeals)-Xxviii, New Delhi For Assessment Year 2004-05 Raising Following Grounds: I. On Facts & In Circumstances Of The Case, Cit (A) Has Erred Both On Facts & In Law, In Upholding Illegal Action Of Re-Assessment & Assumption Of Jurisdiction By The Respondent Without Issue/Service Of Notice U/S 148 & Without Recording The Reasons For Reopening The Assessment. Therefore, Impugned Assessment Order Is Liable To Be Quashed As Unsustainable, Both On Facts & In Law.

Section 143(2)Section 147Section 148Section 68

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘E’ NEW DELHI BEFORE SH. H.S. SIDHU, JUDICIAL MEMBER AND SH. O.P. KANT, ACCOUNTANT MEMBER Assessment Year: 2004-05 Ms. Manju Agarwal, 14B/23, Vs. Income Tax Officer, Ward- 1st Floor, Dev Nagar, Karol 33(1), New Delhi Bagh, New Delhi PAN : ADRPA7112P (Appellant) (Respondent) Appellant by Sh. Deepak Ostwal, CA Respondent by Sh. Surender Pal, Sr. DR Date of hearing 20.07.2016 Date of pronouncement 28.09.2016 ORDER PER O.P. KANT, A.M.: This appeal by the assessee is directed against order dated 02/01/2014 of learned Commissioner of Income-tax (Appeals)-XXVIII, New De…

Yes Bank Ltd, Mumbai vs. DCIT 7(3), Mumbai

The appeal of the AO is dismissed

ITA 1991/MUM/2015[2008-09]Status: DisposedITAT Mumbai24 Aug 2016AY 2008-09
For Appellant: Ms. Krupa Gandhi and Shri Nimesh Jain-ARFor Respondent: Ms. Vidisha Kalra-DR
Section 143(3)Section 148Section 14ASection 254(1)Section 35DSection 36Section 36(1)(viia)

…आयकर अपीलीय अिधकरण, मुंबई “ “ “ “ जी जी जी” खंडपीठ जी Income-tax Appellate Tribunal -“G”Bench Mumbai सव"ी सव"ी सव"ी राजे"" सव"ी राजे"" राजे"",लेखा राजे"" लेखा लेखा सद"य लेखा सद"य सद"य एवं सद"य एवं एवं, राम लाल नेगी एवं राम लाल नेगी राम लाल नेगी, "याियक राम लाल नेगी "याियक "याियक सद"य "याियक सद"य सद"य सद"य Before S/Shri Rajendra,Accountant Member and Ram Lal Negi,Judicial Member आयकर आयकर अपील अपील संसंसंसं./ITA/1991/Mum/2015,िनधा"रण िनधा"रण वष" वष" /Assessment Years: 2008-09 आयकर आयकर अपील अपील िनधा"रण िनधा"रण वष" वष" Yes Bank Limited DCIT, -8(3)(2) 9th Floor, Nehru Centre, discovery Room No.615, 6th Floor, A…