Kattuputhur Srinivasaiyyengar … vs Assessment Unit on 8 July, 2026

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    Madras High Court

    Kattuputhur Srinivasaiyyengar … vs Assessment Unit on 8 July, 2026

    Author: D.Bharatha Chakravarthy

    Bench: D.Bharatha Chakravarthy

        2026:MHC:2671
    
    
                                                                          W.P.(MD)Nos.9187 and 9188 of 2026
    
                           BEFORE THE MADURAI BENCH OF MADRAS HIGH COURT
    
    
                          Date of Reserving the Order          Date of Pronouncing the Order
                                      08.06.2026                        08.07.2026
    
                                                   CORAM :
                    THE HONOURABLE MR. JUSTICE D.BHARATHA CHAKRAVARTHY
    
                                         W.P.(MD)Nos.9187 and 9188 of 2026
                                                        and
                             W.M.P.(MD)Nos.7376, 7377, 7379, 7381, 7383, 7384, 7380 & 7382 of
                                                       2026
    
                   Kattuputhur Srinivasaiyyengar Ramaswamy             ... Petitioner in both the W.Ps.
    
                                                             Vs.
    
                   1.Assessment Unit,
                     Income Tax Department,
                     National Faceless Assessment Centre,
                     New Delhi.
    
                   2.Income Tax Officer,
                     Ward (2) 1 Trichy,
                     Main Building, 2nd Floor,
                     New No.44, Old No.4,
                     Williams Road, Cantonment,
                     Tiruchirapalli- 620001,
                     Tamil Nadu, India.
    
                   3.The Branch Manager,
                     The South Indian Bank Limited,
                     Thendral Complex Do.No.119,
                     Bharathiar Salai, Bharathiyar Salai,
                     Tiruchirappalli, Tamilnadu 620001.
    
    
    
    
                   Page No.1 of 16
    
    
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                                                                                   W.P.(MD)Nos.9187 and 9188 of 2026
    
                   4.The Branch Manager,
                     Punjab National Bank,
                     Amma Mandapam Road,
                     Srirangam, Tiruchirappalli,
                     Tamil Nadu 620006.                                    ... Respondents in both the W.Ps.
    
                   Prayer in W.P.(MD)No.9187 of 2026 : Writ Petition filed under Article 226 of
                   the Constitution of India, praying to issue a Writ of Certiorari, calling for the
                   records on the file of the respondents and quash the,
                             (i) Impugned Notice under Section 148 of the Income Tax Act, 1961,
                   dated 18.04.2022, passed by the second respondent in PAN AGYPR3097E
                   having DIN-and Notice- ITBA/AST/S/148_1/2022 23/1042758679(1) for the
                   AY 2015-16;
                             (ii) Impugned Order under Section 147 r.w.s. 144 read with Section 144B
                   of the Income Tax Act, 1961 dated 18.03.2024 passed by the first respondent in
                   PAN AGYPR3097E having ITBA/AST/S/147/2023-24/1062820542(1) for the
                   AY 2015-16.
    
    
                   Prayer in W.P.(MD)No.9188 of 2026 : Writ Petition filed under Article 226 of
                   the Constitution of India, praying to issue a Writ of Certiorari, calling for the
                   records on the file of the respondents and quash the impugned order under
                   Section 271(1)(c) of the Income Tax Act, 1961 dated 20.09.2024 passed by the
                   first respondent in PAN AGYPR3097E having DIN-ITBA/PNL/F/271(1)
                   (c)/2024-25/1068925495(1) for the AY 2015-16.
    
    
                                      For Petitioner in both the W.Ps. :        Ms.N.V.Lakshmi
                                      For R1 and R2 in both the W.Ps.:          Mr.N.Dilip Kumar
                                                                                Senior Standing Counsel
    
                                      For R3 and R4 in both the W.Ps.:          No Appearance
    
                   Page No.2 of 16
    
    
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                                                                           W.P.(MD)Nos.9187 and 9188 of 2026
    
                                                   COMMON ORDER
    
    
    

    These two writ petitions have been filed by the same petitioner. W.P.(MD)

    No.9187 of 2026 challenges the notice dated 18.04.2022 issued under Section

    148 of the Income Tax Act, 1961, proposing to reassess the petitioner’s income

    for the Assessment Year 2015-2016, as well as the assessment order dated

    18.03.2024 passed under Section 147 read with Sections 144 and 144B of the

    Income Tax Act, 1961 [hereinafter referred to as ”the Act”]. W.P.(MD)No.9188

    of 2026 challenges the consequential penalty order passed under Section 271(1)

    (c) of the Act.

    B. The Petitioner’s Case:

    2. The petitioner is an individual assessee holding PAN: AGYPR3097E.

    For the Assessment Year 2015-2016, he did not file a return of income, claiming

    that he was under a bona fide belief that no tax liability arose for that assessment

    year.

    3. The second respondent issued a notice under Section 148A(b) of the Act

    on 26.03.2022, alleging that the petitioner had made cash deposits in his bank

    accounts aggregating to Rs.1,42,11,020/-, had made time deposits to the extent

    of Rs.13,00,000/-, and had received interest income of Rs.3,29,735/-, which was

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    W.P.(MD)Nos.9187 and 9188 of 2026

    liable to deduction of tax at source under Section 194A of the Act. Thereafter, by

    order dated 18.04.2022 passed under Section 148A(d) of the Act, the second

    respondent recorded satisfaction that it was a fit case for issuance of notice under

    Section 148 of the Act for the Assessment Year 2015-2016. Consequently, a

    notice under Section 148 of the Act was issued on 18.04.2022.

    4. Subsequently, an intimation dated 27.01.2023 was issued by the

    National Faceless Assessment Centre, informing the petitioner that the

    assessment proceedings would be completed under the faceless assessment

    scheme. Thereafter, notices under Section 142(1) of the Act, dated 06.08.2023

    and 08.11.2023, were issued calling upon the petitioner to furnish the documents

    and information specified therein. Further notices seeking additional information

    were also issued from time to time.

    5. A show cause notice under Section 144 of the Act was issued on

    29.12.2023, requiring the petitioner to explain why the assessment should not be

    completed to the best of judgment. Thereafter, a detailed show cause notice dated

    22.02.2024 was issued, proposing additions for (i) cash deposits in the

    petitioner’s bank accounts amounting to Rs.1,42,11,020/-, (ii) time deposits

    aggregating to Rs.13,00,000/- in the petitioner’s accounts with Bank of India and

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    W.P.(MD)Nos.9187 and 9188 of 2026

    Vijaya Bank, treated as unexplained investments, and (iii) interest income of Rs.

    6,92,109/- received in various bank accounts, treated as income from other

    sources.

    6. Pursuant thereto, the assessment order dated 18.03.2024 was passed,

    determining the petitioner’s tax liability at Rs.53,44,053/-. Thereafter, a penalty

    order under Section 271(1)(c) of the Act was also passed, imposing a penalty of

    Rs.53,44,053/-. Subsequently, proceedings were initiated for the attachment of

    the petitioner’s bank accounts. According to the petitioner, he became aware of

    the reassessment proceedings only at that stage. It is his specific case that none

    of the notices were effectively served upon him and that the communications

    were merely uploaded on the portal without his knowledge. According to him,

    the assessment order and the consequential penalty order were passed ex parte,

    without affording him an effective opportunity of hearing. Under these

    circumstances, the present writ petitions have been filed.

    7. The primary contention of the petitioner is that, in respect of the

    Assessment Year 2015-2016, the Revenue had made an express concession

    before the Hon’ble Supreme Court regarding reassessment proceedings initiated

    under the substituted reassessment regime, and that notices issued after

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    W.P.(MD)Nos.9187 and 9188 of 2026

    01.04.2021 in respect of such assessment years would not survive where the

    proceedings were otherwise barred by limitation. According to the petitioner, the

    said concession was recorded by the Hon’ble Supreme Court in Union of India

    vs. Rajeev Bansal1 and connected matters, and has subsequently been noticed in

    several decisions. Therefore, it is contended that the Revenue cannot adopt a

    contrary stand in the case of the petitioner.

    8. It is further contended that the notice issued under Section 148 of the

    Act is barred by limitation in view of the first proviso to Section 149(1) of the

    Act, as the proceedings were initiated beyond the period prescribed therein. The

    petitioner also challenges the impugned proceedings on the ground of violation

    of the principles of natural justice.

    C. The Respondent’s Case:

    9. The writ petitions are resisted by the Revenue through a detailed

    counter-affidavit. According to the Revenue, the petitioner maintained as many

    as 113 bank accounts. Despite substantial financial transactions during the

    relevant assessment year, he failed to file his return of income. During the

    relevant period, the petitioner is stated to have earned interest income of Rs.

    3,29,735/-, made cash deposits exceeding Rs.1.42 crores, and invested Rs.

    13,00,000/- in time deposits.

    1 (2024) SCC OnLine SC 2693

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    W.P.(MD)Nos.9187 and 9188 of 2026

    10. Based on the information available with the Department, a notice

    under Section 148A(b) of the Act was issued on 26.03.2022. As no reply was

    received from the petitioner, an order under Section 148A(d) of the Act and a

    consequential notice under Section 148 of the Act were issued on 18.04.2022.

    Thereafter, notices under Section 142(1) of the Act dated 06.08.2023 and

    08.11.2023 were issued. A preliminary show cause notice was issued on

    29.12.2023, and a detailed show cause notice on 22.02.2024. Since the petitioner

    failed to comply with the notices issued under Section 142(1), the provisions of

    Section 144 of the Act were invoked, and the Faceless Assessment Officer

    completed the reassessment by best judgment, culminating in the assessment

    order dated 18.03.2024.

    11. The Revenue further contends that it is the statutory obligation of

    every PAN holder and taxpayer to maintain updated address particulars, contact

    details, and e-mail credentials with the Department. Although the petitioner

    claims to reside in Virugambakkam, he has also furnished an address in

    Srirangam, Tiruchirappalli, even in the affidavit filed in support of the present

    writ petitions. According to the Revenue, all notices were sent to the address

    recorded in the Departmental records.

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    W.P.(MD)Nos.9187 and 9188 of 2026

    12. It is stated that, since no return of income had been filed, the

    petitioner’s case was flagged on the Insight Portal under the category

    “NMS” (Non-Filers Monitoring System). Based on the available information on

    financial transactions, proceedings under Section 148A of the Act were initiated

    after obtaining the requisite approval from the competent authority. The notice

    dated 26.03.2022, issued under Section 148A(b), was also dispatched by Speed

    Post to the petitioner’s Srirangam address but was returned with the endorsement

    “No such person at the address”. As the petitioner failed to explain the

    transactions, the Jurisdictional Assessing Officer opined that income chargeable

    to tax had escaped assessment and, accordingly, issued the order under Section

    148A(d) and the notice under Section 148 of the Act on 18.04.2022 after

    obtaining the requisite approvals.

    13. The counter affidavit also details the several opportunities afforded to

    the petitioner and the various notices issued under Section 142(1) of the Act.

    According to the Revenue, all communications were also transmitted to the e-

    mail address furnished by the petitioner. Even after completion of the

    assessment, repeated demand notices were issued. Thereafter, upon obtaining the

    necessary approval, attachment orders in respect of the petitioner’s bank accounts

    were issued on 13.01.2026 and 14.01.2026.

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    W.P.(MD)Nos.9187 and 9188 of 2026

    14. With regard to the allegation of violation of the principles of natural

    justice, the Revenue contends that due procedure was strictly followed and that

    the petitioner alone is responsible for failing to respond to the notices issued by

    the Department. As regards the reliance placed on the concession recorded

    before the Hon’ble Supreme Court, it is contended that the concession was made

    in the peculiar context of the Taxation and Other Laws (Relaxation and

    Amendment of Certain Provisions) Act, 2020 (TOLA) and cannot be

    mechanically extended to the facts of the present case.

    15. The Revenue further contends that, under the first proviso to Section

    149(1) of the Act, the time limit for issuing a notice under Section 148A(b)

    expired on 31.03.2022, and that the notice dated 26.03.2022 was therefore issued

    within the prescribed period after obtaining the requisite approval. According to

    the Revenue, the petitioner’s limitation argument overlooks the effect of the

    fourth proviso to Section 149 read with Section 148A(d) of the Act, and

    consequently the reassessment proceedings are not barred by limitation.

    D. The Questions:

    16. I have considered the submissions advanced by the learned counsel

    appearing on either side and perused the materials available on record. The

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    W.P.(MD)Nos.9187 and 9188 of 2026

    following questions arise for consideration:

    (a) Are the impugned proceedings barred by limitation as per the

    provisions of the Act?

    (b) Are the impugned proceedings liable to be quashed on the basis of the

    concession made by the revenue before the Hon’ble Supreme Court of India in

    Rajeev Bansal’s case (cited supra)?

    E. Question (a):

    17. To determine this question, the ratio laid down by the Hon’ble

    Supreme Court of India in Rajeev Bansal’s case (cited supra) and Union of

    India and Ors. Vs. Ashish Agarwal2 have to be kept in mind. The legal position

    as obtained is lucidly explained by the Hon’ble Division Bench in Income Tax

    Officer Vs. Mahogany Logistics Services (P) Ltd.3

    18. Thus, even though in this case, the proceedings that are under

    challenge pertain to the Assessment year 2015-16, it is crystal clear that if the

    notice for reopening under Section 148 of the Act is issued after 01.04.2021,

    then the procedural regime as amended by the Finance Act, 2021, would apply.

    Thus, the time limit for the issue of notice under Section 148 would be as per

    2 (2023) 1 SCC 617
    3 2025 176 taxman.com 478 Madras

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    W.P.(MD)Nos.9187 and 9188 of 2026

    Section 149(1) of the Act. In the instant case, the notice under Section 148 was

    issued on 18.04.2022. The income chargeable to tax that has escaped assessment

    exceeds one lakh rupees. Hence, the period prescribed under Section 149 of the

    Act would be up to 6 years from the end of the Assessment Year. In this case, the

    assessment year ends on 31/03/2016. Six year period ends on 31/03/2022.

    However, as per the regime, no notice under Section 148 can be issued unless the

    assessee is given an opportunity and orders passed under Section 148A.

    19. Within the six-year period, a show cause notice under Section 148A(b)

    is issued on 26.03.2022. Under the said notice, 7 days time was allowed for the

    assessee to file their response. As per the first proviso to Section149(1), in

    computing the six-year period, the time allowed for the assessee to respond to the

    notice shall stand excluded. Thus, the period of limitation which was to end on

    31.03.2022, stood extended up to 02.04.2022. Thereafter, under normal

    circumstances, the revenue had limitation to pass orders under Section 148A(d)

    of the act within one month from the month in which the time granted to show

    cause expired. The month in which the time to show cause expired is April, 2022

    and as such, the revenue has time till May, 2022, that is upto 31.05.2022.

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    W.P.(MD)Nos.9187 and 9188 of 2026

    20. But considering the overall limitation that is prescribed under Section

    149(1) as six years from the last date of the Assessment year, it can be seen that

    the Revenue had to immediately pass orders and issue notice under Section 148

    of the Act. In such cases, where the time is less than 7 days, the period of

    limitation stands extended by another 7 days in view of the fourth proviso to

    Section 149(1) of the Act. Thus, the last date before which the Orders ought to

    have been passed under Section 148A(d), and notice should have been issued

    under Section 148 would only be 09.04.2022. However, the orders were passed

    under Section 148A(d) and notice was issued under Section 148 only on

    18.04.2022 and as such is beyond the period of limitation.

    21. The contention of the revenue is that when Section 148A(d) grants

    time upto 31.05.2022, and when the order is passed well within the time limit,

    the notice under Section 148 should be deemed to be within the time. But

    Section 149(1) prescribes six years limitation not with reference to issue of show

    cause notice under Section 148A or passing of orders thereon within limitation,

    but specifically caps the upper limit to the notice to be issued under Section 148

    of the Act, which is mandatory. The period is six years and by the first and fourth

    proviso, the period of 7days available for response to the Show cause notice

    under Section 148A(b) and another 7 days for passing the order stands extended.

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    W.P.(MD)Nos.9187 and 9188 of 2026

    Even if one were to allow the 14 days time in full, even then the order passed

    under Section 148A(d) and notice issued under Section 148 of Act are still 4

    days beyond the period of limitation. Accordingly the question is answered.

    F. Question (b) :

    22. A careful perusal of the judgment in Rajeev Bansal’s case (cited

    supra), it can be seen that the matter was considered there with reference to the

    applicability of Taxation and Other Laws (Relaxation of Certain Provisions) Act,

    2020 (TOLA), whereby the time limit for carrying out the various acts under the

    taxing statutes were relaxed and extended in view of the Covid-19 pandemic

    situation. In that context, the issues before the Hon’ble Supreme Court of India

    were, (a) Whether TOLA and notifications issued under it will also apply to

    reassessment notices issued after 1 April 2021; and (b) whether the reassessment

    notices issued under Section 148 of the new regime between July and September,

    2022 are valid. It is in this connection, during the course of the arguments, the

    learned Additional Solicitor General of India had made submissions, after

    presenting a tabular column with reference to various periods of Limitation

    prescribed under TOLA, it is submitted in para 19 (f) as follows :

    “The Revenue concedes that for the assessment year 2015-16, all
    notices issued after 01/04/2021, will have to be dropped as they
    will not fall for completion during the period prescribed under
    TOLA”.

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    W.P.(MD)Nos.9187 and 9188 of 2026

    23. Therefore, the learned Senior Standing counsel is right in contending

    that the stand has to be considered if only limitation is sought by applying the

    provisions of TOLA and more so, the notice in the instant case, does not pertain

    to the period that was in issue before the Hon’ble Supreme Court of India. Thus,

    when the revenue in their counter had not relied upon TOLA and since it is not

    contended that the period is extended or saved by any of the provisions of TOLA

    the concession that no provision of TOLA is applicable and that the notices have

    to be dropped cannot be extrapolated to the facts on the instant case as the

    revenue sought to justify by the interpretations of the Sections 148, 148A and

    149 of the Act. Theoretically, if the orders have been passed immediately on the

    same day of the expiry of the time given to the Assessee, that is on 03.04.2022,

    still it is possible to contend that the matter is within time and therefore, since the

    relief is granted to the petitioner on the ground of limitation, the consideration of

    this issue does not have a bearing on the matter. Therefore, the question is

    answered that the concession made in Rajeev Bansal’s case (cited supra), is not

    germane to the issue in the presence case.

    G. The Result :

    24. In the result, W.P. No. 9187 and 9188 of 2026 are allowed on the

    following terms:

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    W.P.(MD)Nos.9187 and 9188 of 2026

    (a) The impugned notice dated 18.04.2022 issued to the petitioner under

    Section 148 of the Act in PAN AGYPRA3097F for the Assessment Year

    2015-16 and the consequent order of assessment dated 18.03.2024 shall stand

    quashed;

    (b) The consequent order passed under Section 271(1)(c) dated 20.09.2004

    as against the petitioner shall also stand quashed;

    (c) No costs. Connected miscellaneous petitions are closed.

    08.07.2026

    Neutral Citation : yes

    smn2

    To

    1.Assessment Unit,
    Income Tax Department,
    National Faceless Assessment Centre,
    New Delhi.

    2.Income Tax Officer,
    Ward (2) 1 Trichy,
    Main Building, 2nd Floor,
    New No.44, Old No.4,
    Williams Road, Cantonment,
    Tiruchirapalli- 620001,
    Tamil Nadu, India.

    Page No.15 of 16

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    W.P.(MD)Nos.9187 and 9188 of 2026

    D.BHARATHA CHAKRAVARTHY, J.

    smn2

    Pre-deliery common order in

    W.P.(MD)Nos.9187 and 9188 of 2026

    08.07.2026

    Page No.16 of 16

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