M.C.VARGHESE REPRESENTED BY HIS LEGAL HEIRS vs COMMISSIONER OF INCOME TAX, KOTTAYAM — C.A. No. 8604/2011

Case under Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [Other Than Matters Covered by Categories 1602-1605] Section XI-B. Status: Disposed.

Disposed

CNR: SCIN010263122010

Filing Date

19-Aug-2010

Registration No

C.A. No. 8604/2011

Diary Number

26312/2010

Order Date

23-Jan-2024

Document Type

Judgement - of Main Case

Disposal Type

Appeals Allowed

Last updated 06-Jul-2026

Acts & Sections

Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605] Section XI-B

Petitioner(s)

  1. 1.M.C.VARGHESE REPRESENTED BY HIS LEGAL HEIRS

    Adv. LIZ MATHEW (Dead / Retired / Elevated)

Respondent(s)

  1. 1.COMMISSIONER OF INCOME TAX, KOTTAYAM

    Adv. RAJ BAHADUR YADAV[R-1]

Case History

  1. Case disposedDisposed

  2. 23-Jan-2024

    Fixed Date by Court

    Hon'ble Mr. Justice Abhay S. Oka and Hon'ble Mr. Justice Ujjal Bhuyan

  3. 14-Sep-2023

    Next Week / Week Commencing / C.O.Week

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  4. 13-Sep-2023

    Next Week / Week Commencing / C.O.Week

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  5. 31-Aug-2023

    Next Week / Week Commencing / C.O.Week

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  6. 24-Aug-2023

    Next Week / Week Commencing / C.O.Week

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  7. 23-Aug-2023

    Next Week / Week Commencing / C.O.Week

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  8. 17-Aug-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  9. 16-Aug-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  10. 26-Jul-2023

    Fixed Date by Court

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  11. 20-Jul-2023

    After Week/Month/Vacation

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  12. 19-Jul-2023

    After Week/Month/Vacation

    Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Ujjal Bhuyan

  13. 20-Apr-2023

    First hearing

    Initial hearing scheduled

  14. 11-Sep-2014

    ROP - of Main CaseView PDF

  15. 11-Sep-2014

    ROP - of Main CaseView PDF

  16. 09-Jul-2014

    ROP - of Main CaseView PDF

  17. 20-Feb-2014
  18. 18-Feb-2014
  19. 29-Oct-2013
  20. 26-Sep-2013
  21. 12-Aug-2013
  22. 08-Aug-2013
  23. 07-Aug-2013
  24. 03-May-2013
  25. 11-Apr-2013
  26. 12-Mar-2013
  27. 19-Feb-2013
  28. 07-Feb-2013
  29. 04-Jan-2013
  30. 10-Oct-2011

    ROP - of Main CaseView PDF

  31. 26-Sep-2011

    ROP - of Main CaseView PDF

  32. 27-Sep-2010
  33. 20-Sep-2010

    ROP - of Main CaseView PDF

  34. 19-Aug-2010

    Case filed

    Registration No. C.A. No. 8604/2011

  35. [ 2024 INSC 53 ]

    Judgement - of Main CaseView PDF

Common Record of Proceedings — heard with connected matters

Lead case: C.A. No. 8580 - 8582/2011

casestatus.in Summary

Case Summary: M.C. Varghese (Legal Heirs) v. Commissioner of Income Tax, Kottayam Court Decision: The Supreme Court allowed the assessee's appeal and set aside the High Court's order, restoring the Tribunal's decision that the reassessment proceedings were barred by limitation and invalid. Key Ruling: The Court held that the reassessment for assessment years 1990-91, 1991-92, and 1992-93 was based on mere change of opinion without fresh material, not justified under Section 147 of the Income Tax Act. The assessing officer's reliance on a balance sheet previously rejected as unreliable by appellate courts constituted improper grounds for reopening concluded assessments. This case analysis is maintained by casestatus.in based on publicly available court records.

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