M/S MANGALAM PUBLICATIONS, KOTTAYAMversusCOMMISSIONER OF INCOME TAX, KOTTAYAM
Case No.: CIVIL APPEAL No. 8580/2011
Decision Date: 23-01-2024
Disposal: Appeal(s) allowed
Neutral Citation: 2024INSC53

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						 M/S MANGALAM PUBLICATIONS, KOTTAYAM versus COMMISSIONER OF INCOME TAX, KOTTAYAM - [2024] 1 S.C.R. 6422024 INSC 53 B.V. NAGARATHNA, UJJAL BHUYAN Issue for Consideration Reopening of a concluded assessment-reassessment u/s. 147 of the Income Tax Act, 1961 following issuance of notice u/s. 148 of the Act, legally sustainable or bad in law. Headnotes Income Tax Act, 1961 – ss. 147 and 148 – Reopening of u/s. 147 following issuance of notice u/s. 148 – Sustainability: Held: On the basis of the balance sheet submitted by the assessee before the Bank for obtaining credit, the assessing officer upon a comparison of the same with a subsequent balance sheet filed by the assessee 

Summary: Englishമലയാളം - Malayalamਪੰਜਾਬੀ - PunjabiDisclaimer 
						Judgments in  regional languages are also made available alongside the English version. The translations are being done with the help of various human agencies and software tools. 
						Reasonable efforts have been made to provide an accurate translation.
						 
						 Hindi Judgment as published in Ucchtam Nyayalya Nirnay Patrika are reproduced under approval of Vidhi Sahitya Prakashan, Department of legislative affairs, Govt. Of India. 
						 
						Supreme Court Registry will not responsible for incorrect or inaccurate translation and  for any error, omission or discrepancy in the content of translated text. 
						The translation of Judgements is provided for general information  and shall have no legal effect for compliance or enforcement.
						If any questions arise related to the accuracy of the information/statement contained in the translated judgment,  users are advised to verify from the original judgments and also to refer to correct position of law while referring to old judgments.Visitors to the site are requested to cross check the correctness of the information on this site with the authorities concerned or consult the relevant record. The information made available here is not meant for legal evidence. Neither the Courts concerned nor the National Informatics Centre (NIC) nor the e-Committee is responsible for any data inaccuracy or delay in the updation of the data on this website. We do not accept any responsibility or liability for any damage or loss arising from the direct/indirect use of the information provided on the site. However, we shall be obliged if errors/omissions are brought to our notice for carrying out the corrections.M/S MANGALAM PUBLICATIONS, KOTTAYAMversusCOMMISSIONER OF INCOME TAX, KOTTAYAM-[2024] 1 S.C.R. 6422024 INSC 53Coram : B.V. NAGARATHNA, UJJAL BHUYANIssue for Consideration Reopening of a concluded assessment-reassessment u/s. 147 of the Income Tax Act, 1961 following issuance of notice u/s. 148 of the Act, legally sustainable or bad in law. Headnotes Income Tax Act, 1961 – ss. 147 and 148 – Reopening of u/s. 147 following issuance of notice u/s. 148 – Sustainability: Held: On the basis of the balance sheet submitted by the assessee before the Bank for obtaining credit, the assessing officer upon a comparison of the same with a subsequent balance sheet filed by the assessee