HC stays proceedings on two IT dept notices to Himachal CM Virbhadra
28 March 2015 3:52 AM IST
A Division Bench, comprising Justice Rajiv Sharma and Justice Sureshwar Thakur, passed the orders on petitions filed by Virbhadra Singh challenging the notices on the ground that the Income Tax department has erred in issuing notice for reassessment on the basis of revised returns, whereas the agricultural income is non-taxable under Income Tax Act.
Singh, in his original return filed for the year 2009-2010, had declared taxable income as Rs. 17,08,938 and agriculture income as Rs. 7,35,000.
The agricultural income for the year 2009-10 was revised to Rs. 2,21,35,000 in revised return.
Also, in his original return filed for the year 2011-12, he had declared taxable income as Rs.15,13,712 and agriculture income as 25 lakh. The agricultural income for the year 2011-12 was enhanced to Rs. 1.55 crore in revised return.
He also challenged the notices on the ground that the notice under Section 148 is issued by an officer of the rank of Deputy Commissioner of Income Tax.
Singh, in his original return filed for the year 2009-2010, had declared taxable income as Rs. 17,08,938 and agriculture income as Rs. 7,35,000.
The agricultural income for the year 2009-10 was revised to Rs. 2,21,35,000 in revised return.
Also, in his original return filed for the year 2011-12, he had declared taxable income as Rs.15,13,712 and agriculture income as 25 lakh. The agricultural income for the year 2011-12 was enhanced to Rs. 1.55 crore in revised return.
He also challenged the notices on the ground that the notice under Section 148 is issued by an officer of the rank of Deputy Commissioner of Income Tax.
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