Supreme Court of India

M/s Mangalam Publications, Kottayam v. Commissioner of Income Tax, Kottayam

Neutral citation
Reported as [2024] 1 S.C.R. 642
Bench B. V. Nagarathna and Ujjal Bhuyan JJ.
Decided 23 January 2024

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

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 a concluded assessment-reassessment 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 for the assessment year

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