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ITAT Delhi Quashed Reassessment which was Based Only on Audit Objection
Case Law Details
- Case Name
- Fresenius Kabi Oncology Limited Vs CIT (Appeals) (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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Fresenius Kabi Oncology Limited Vs CIT (Appeals) (ITAT Delhi)
Reassessment Based Solely on Audit Objection Quashed as Invalid beyond Four Years
The Delhi Bench of the ITAT, in the case of Fresenius Kabi Oncology Limited for AY 2011-12, quashed the reassessment proceedings initiated under sections 147/148, holding the reopening to be bad in law.
The Tribunal found that the reassessment was triggered exclusively on the basis of an audit objection, without any independent application of mind or tangible material by the Assessing Officer. Such reopening, the Bench held, amounts to a mere change of...
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