| Case ID |
eafdd180-2f42-4357-b4f7-6aa8ac2c01dd |
| Body |
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| Case Number |
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| Decision Date |
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| Hearing Date |
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| Decision |
The Supreme Court of India granted leave and set aside the impugned judgment of the Gauhati High Court. The court directed that the matter be remitted to the Division Bench of the Gauhati High Court for fresh consideration in light of the Supreme Court's decision in Asstt. CIT v. J.K. Synthetics Ltd. The court emphasized the importance of reviewing the amendment of section 143(1A) of the Income-tax Act with retrospective effect, as previously ruled in the noted case. As a result, the appeal was disposed of with direction for reconsideration. |
| Summary |
In the case of Commissioner of Income Tax, Guwahati v. Ashok Paper Mills, the Supreme Court of India addressed significant issues concerning the assessment under section 143 of the Income-tax Act, 1961. The court's decision was primarily aimed at ensuring that the Gauhati High Court re-evaluate its previous ruling in light of the Supreme Court's interpretation of the law, particularly regarding the retrospective effect of amendments to section 143(1A). The case highlights the complexities of tax law and the judicial process involved in tax assessments. It underscores the need for adherence to legal precedents and the dynamic nature of tax legislation. This case serves as a crucial reference for advocates and legal practitioners dealing with tax law, emphasizing the importance of precedent in judicial decision-making. Keywords such as 'Income-tax Act', 'Supreme Court', 'tax assessment', and 'legal precedent' are critical for understanding the implications of this case. |
| Court |
Supreme Court of India
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| Entities Involved |
Not available
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| Judges |
S.B. Sinha,
Markandey Katju
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| Lawyers |
Not available
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| Petitioners |
Ashok Paper Mills
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| Respondents |
Commissioner of Income Tax, Guwahati
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| Citations |
2009 SLD 2970 = (2009) 315 ITR 426
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| Other Citations |
CIT v. Sati Oil Udyog Ltd. 2002 (2) GLT 257,
Asstt. CIT v. J.K. Synthetics Ltd. [2001] 251 ITR 200/ 116 Taxman 598 (SC)
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| Laws Involved |
Income-tax Act, 1961
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| Sections |
143
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