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Case lawSupreme Court › ACIT v Rajesh Jhaveri Stock Brokers P Ltd
Supreme CourtHelps departments.143(1)s.143(1)(a)s.143(3)s.147s.148

ACIT v Rajesh Jhaveri Stock Brokers P Ltd

My return was only processed under 143(1). Does that stop the department reopening it later?

My return was only processed under 143(1). Does that stop the department reopening it later?

No. An intimation under s.143(1) is not an assessment, so it does not bar the officer from later starting reassessment proceedings.

Decided by the Supreme Court (Dr. Arijit Pasayat and D.K. Jain, JJ. (judgment delivered by Dr. Arijit Pasayat, J.)) on 2007-05-23, reported as [2007] 291 ITR 500 (SC); [2007] 210 CTR 30 (SC); [2007] 161 Taxman 316 (SC); Civil Appeal No. 2830 of 2007. It bears on section 143(1), section 143(1)(a), section 143(3), section 147, section 148 of the Income Tax Act 1961, in Assessment & Scrutiny and Reassessment & Reopening matters.

Still good law. Still cited for the narrow proposition that a s.143(1) intimation is not an assessment — the Supreme Court applied it in DCIT v Zuari Estate Development & Investment Co Ltd, and the Bombay High Court expressly worked with it in PCIT v Shodiman Investments Pvt Ltd (16 April 2018). Shodiman limits it: the words 'whatever reason' go to the type of material only, and the AO must still show a live link and independent application of mind, not borrowed satisfaction. Note that the doctrinal setting has moved on — from 1 April 2021 the trigger under s.147/148A is 'information which suggests' escapement rather than 'reason to believe', and from 1 April 2026 the provisions are ss.279-281 of the Income-tax Act 2025, so the 143(1)-versus-143(3) distinction no longer drives the analysis it once did. Where this was checked.

Why it matters

This one favours the department. It is on this site precisely because you need to know what the other side will cite — an argument built on 'my return was accepted under 143(1)' runs straight into it.

Binding on every court and authority in India.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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