This case involves Ruby Singh, appellant, against the Department of Central Circle-8, New Delhi, respondent, regarding reassessment proceedings under section 147 for the AY 2017-18.
The appellant, Ruby Singh, filed against the orders of the Commissioner of Income Tax Appeals concerning reassessment proceedings that were initiated for multiple assessment years from 2013-14 to 2019-20. The main legal contention challenged the initiation of reassessment proceedings under section 147 of the Income Tax Act.
The issues revolve around the validity of the reassessment initiated under section 147, the adequacy of the reasons provided to suspect tax evasion, and the procedural compliance with section 151.
The tribunal, after reviewing the arguments and the evidence presented, upheld the reassessment proceedings. It dismissed the appeal filed by Ruby Singh, providing a comprehensive analysis on the validity of the proceedings initiated under section 147 of the Income Tax Act.
The decision reinforces the standards and procedures for initiating reassessment proceedings under the Income Tax Act, emphasizing the need for concrete, tangible reasons and proper procedural compliance before initiating such actions.
Ruby Singh vs DCIT, Central Circle-8, New Delhi – ITA 2879/DEL/2022
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