Supreme Court · 2014 INSC 186 · Decided 12 March 2014
Commissioner of Income Tax - Ill v. M/S.CALCUTTA Knitwears, Ludhiana
- Court
- Supreme Court of India
- Citation
- 2014 INSC 186 · [2014] 5 S.C.R. 855
- Case number
- CIVIL APPEAL No. 3958/2014
- Decided
- 12 March 2014
- Bench
- H.L. DATTU, S.A. BOBDE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
A ,8 Income Tax Act, 1961 - Chapter XIV-8, ss.15880 and 158BE(2)(b) - Recording of satisfaction notes for issuing notice under s. 15880 - At what stage of proceedings under C Chapter XIV-8, the assessing authority to record such satisfaction note - ~he High Court opined that it could- .only be of the assessment proceedings u/s. 158BC and not after completion of the proceedings, in view of the limitation period prescribed uls. 158BE(2)(b) - Held: A reading of s. 15880 indicates that the satisfaction note could be prepared by the assessing officer either at the time of initiating
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