Case Number: ITA No. 2232/DEL/2022
Appellant: Mahalaxmi Ornaments House Pvt. Ltd., New Delhi
Respondent: ITO, Ward-16(1), New Delhi
Assessment Year: 2010-11
Case Filed on: 2022-09-14
Order Type: Final Tribunal Order
Date of Order: 2023-06-16
Pronounced on: 2023-06-16
This document presents a thorough analysis of the proceedings and decision in the case of Mahalaxmi Ornaments House Pvt. Ltd. vs. ITO, Ward-16(1), New Delhi. The case reviews procedural aspects and legal implications of the Income Tax Department’s reassessment for the assessment year 2010-11.
The tribunal’s review in this case hinged on the interpretation of tax laws, focusing on the appropriateness of the reassessment process undertaken by the ITO. The tribunal addressed several legal questions including the application of specific sections of the Income Tax Act, 1961, particularly concerning the initiation of reassessment proceedings.
The tribunal, led by Shri Chandra Mohan Garg, deliberated on the issues at hand and provided a comprehensive judgment that outlined the reasons for the decision, highlighting the adherence or deviations from the procedural requirements prescribed by law. The decision underscored the importance of proper legal processes in the reassessment of tax liabilities.
The findings and conclusions of this case serve as a significant reference for similar cases, illustrating the critical aspects of judicial scrutiny in tax reassessment cases. It emphasizes the necessity for the Income Tax Department to adhere strictly to legal norms to ensure fair assessments.
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