Reopening Beyond Four Years Without Alleging Assessee’s Failure Is Void

ACIT Vs Make My Trip (India) P. Ltd. (ITAT Delhi) Reopening Beyond Four Years Without Alleging Assessee’s Failure Is Void; Verbatim Reasons, No New Material: ITAT Invalidates 147 Notices Delhi Tribunal quashed the reassessments for AY 2007-08 & AY 2008-09 in the case of Make My Trip (India) Pvt. Ltd., holding that the reopening was beyond four years & failed to satisfy the mandatory jurisdictional requirement under the first proviso to section 147. Assessee had fully disclosed all material facts in the original assessment, including the reimbursement of Rs.3.60 crore reported in For...