{"id":6553,"date":"2025-02-01T11:43:12","date_gmt":"2025-02-01T11:43:12","guid":{"rendered":"https:\/\/artion.in\/magazine\/?p=6553"},"modified":"2025-02-21T11:50:22","modified_gmt":"2025-02-21T11:50:22","slug":"bombay-high-court-asks-tax-board-to-reconsider-nitin-desais-art-world-case","status":"publish","type":"post","link":"https:\/\/artion.in\/news\/bombay-high-court-asks-tax-board-to-reconsider-nitin-desais-art-world-case\/","title":{"rendered":"Bombay High Court asks tax board to reconsider Nitin Desai&#8217;s Art World case"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6553\" class=\"elementor elementor-6553\">\n\t\t\t\t\t\t<section class=\"has-el-gap el-gap-default elementor-section elementor-top-section elementor-element elementor-element-ce8b029 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce8b029\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6027d18\" data-id=\"6027d18\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ebc90bc elementor-widget elementor-widget-text-editor\" data-id=\"ebc90bc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe court ruled that the order, issued by the Additional Commissioner of Income Tax (OSD), was invalid as it lacked proper authorisation from the CBDT.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a2d7c6 elementor-widget elementor-widget-heading\" data-id=\"7a2d7c6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">In Short<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85f2e39 elementor-widget elementor-widget-ts-links-list\" data-id=\"85f2e39\" data-element_type=\"widget\" data-widget_type=\"ts-links-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\n\t\t<ul class=\"ts-el-list ts-el-list-inline\">\n\t\t\t\t\t\t\t<li class=\"item\">\n\t\t\t\t\t\n\t\t\t\t\t<span >Bombay High Court quashes income tax order against ND's Art World<\/span>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li class=\"item\">\n\t\t\t\t\t\n\t\t\t\t\t<span >Order lacked CBDT authorisation, court rules<\/span>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li class=\"item\">\n\t\t\t\t\t\n\t\t\t\t\t<span >Court directs CBDT to reconsider within three months<\/span>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c542aa6 elementor-widget elementor-widget-text-editor\" data-id=\"c542aa6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe Bombay High Court on Friday quashed an Income Tax order against ND\u2019s Art World Private Limited, the company of late art director Nitin Desai.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de8e6eb elementor-widget elementor-widget-text-editor\" data-id=\"de8e6eb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tDirecting the Central Board of Direct Taxes (CBDT) to reconsider the case, the court ruled that the order, issued by the Additional Commissioner of Income Tax (OSD), was invalid as it lacked proper authorisation from the CBDT.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a761f7d elementor-widget elementor-widget-text-editor\" data-id=\"a761f7d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe case is in connection with a 10-month delay in filing the company\u2019s income tax return for the assessment year 2020-21. ND\u2019s Art World had sought condonation of the delay, citing hardships caused by the Covid-19 pandemic. However, the tax authorities rejected the plea, prompting the company to approach the court.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21b8312 elementor-widget elementor-widget-text-editor\" data-id=\"21b8312\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe bench of Justices MS Sonak and Jitendra Jain ruled that the order was not issued by the CBDT, the competent authority under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner\u2019s counsel, Priyanka Jain, argued that the order lacked clear approval from the CBDT or its members and that similar delays had been condoned in other cases due to pandemic-related challenges.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6bd43b9 elementor-widget elementor-widget-text-editor\" data-id=\"6bd43b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe bench of Justices MS Sonak and Jitendra Jain ruled that the order was not issued by the CBDT, the competent authority under Section 119(2)(b) of the Income Tax Act, 1961. The petitioner\u2019s counsel, Priyanka Jain, argued that the order lacked clear approval from the CBDT or its members and that similar delays had been condoned in other cases due to pandemic-related challenges.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a0934a elementor-widget elementor-widget-text-editor\" data-id=\"9a0934a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tHowever, the court found that the order was not properly authorised and cited past rulings that invalidated similar decisions made without the CBDT\u2019s direct involvement.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab1b94c elementor-widget elementor-widget-text-editor\" data-id=\"ab1b94c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe court directed the CBDT or its duly authorised member to reconsider the case and issue a reasoned order within three months, after giving the petitioner an opportunity to present its case. All contentions on the merits of the case remain open for further consideration.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b537f1 elementor-widget elementor-widget-text-editor\" data-id=\"3b537f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"edpara\">The court\u2019s decision provides temporary relief to ND\u2019s Art World, highlighting the importance of proper authorisation in tax-related decisions and the impact of pandemic-related challenges on businesses<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bfc356e elementor-widget elementor-widget-text-editor\" data-id=\"bfc356e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: <a href=\"https:\/\/www.indiatoday.in\/india\/law-news\/story\/court-quashes-income-tax-order-tax-board-nds-art-world-case-2673122-2025-02-01?utm_source=global-search&amp;utm_medium=global-search&amp;utm_campaign=global-search\" target=\"_blank\" rel=\"noopener\">India Today<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The court ruled that the order, issued by the Additional Commissioner of Income Tax (OSD), was invalid as it lacked proper authorisation from the CBDT. In Short Bombay High Court quashes income tax order against ND&#8217;s Art World Order lacked CBDT authorisation, court rules Court directs CBDT to reconsider within three months The Bombay High<\/p>\n","protected":false},"author":1,"featured_media":6555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-6553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trending-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/posts\/6553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/comments?post=6553"}],"version-history":[{"count":4,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/posts\/6553\/revisions"}],"predecessor-version":[{"id":6561,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/posts\/6553\/revisions\/6561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/media\/6555"}],"wp:attachment":[{"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/media?parent=6553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/categories?post=6553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/artion.in\/news\/wp-json\/wp\/v2\/tags?post=6553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}