Sanghvi Movers Ltd v. Additional Commissioner Of Income Tax

rsk IN THE HIGH COURT OF JUDICATURE AT BOMBAYCIVIL APPELLATE JURISDICTION WRIT PETITION NO.2191 OF 2010 Sanghvi Movers Ltd.vs.Additional Commissioner of Income Tax and Anr. ...Petitioner ...Respondents ---- Mr. Nishant Thakkar a/w. Ms. Jasmine Amalsadwalla i/b Mint & Confreres for Petitioner. Mr. Suresh Kumar for Respondents. ---- CORAM : K. R. SHRIRAM AND AMIT B. BORKAR, JJ. P. C. : DATE : 26 NOVEMBER 2021 This petition is impugning notice dated 6/11/2009 issued by respondent No.2 calling upon petitioner to furnish authenticated copies ofthe documents/details mentioned in the said letter for estimating the valueof investment in plant & machinery. This notice is issued under Section142A of the Income Tax Act, 1961 (the Act). 2.Section 142A of the Act empowers the Assessing Officer for thepurposes of assessment to make a reference to Valuation Officer to estimatethe value, including fair market value of any asset, property or investmentand submit a copy of report to him. On receipt of report and after giving rsk assessee opportunity of being heard, the Assessing Officer may take intoaccount such report in making the assessment or reassessment. Even beforepetitioner could comply with the requirement to the notice issued byrespondent No.2 and petitioner's assessment for the relevant AssessmentYear 2007-2008 was completed and assessment order dated 30/11/2009has been passed. Therefore nothing survives in the notice issued byrespondent No.2. 3.Petition disposed of. (AMIT B. BORKAR, J) (K. R. SHRIRAM , J.) Digitallysigned byRAJESHWARIRAJESHWARISUBODHSUBODHKARVEKARVEDate:2021.11.3010:52:00+0530