ADDL. C.I.T., ALIGARH . vs SHREYA GRAMIN BANK — C.A. No. 4801/2007

Summary: C.A. No. 4801/2007 On September 12, 2012, the Supreme Court dismissed the Additional Commissioner of Income Tax's appeal against Shreyas Gramin Bank. The Court found the Section 154 notice issued by the Assessing Officer to be "totally vague" with no basis indicated for allowing excess set-off, rendering it unmaintainable. Since the subsequent Section 148 notice was based squarely on the invalid Section 154 notice, the High Court's decision setting aside both notices was upheld. The appeal was dismissed with no order as to costs. This case analysis is maintained by casestatus.in based on publicly available court records.