This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Reopening After 4 Years on Same “Hawala Purchase” Material = Mere Change of Opinion: Pune ITAT Quashes Reassessment
Case Law Details
- Case Name
- Lorgan Lifestyle Limited Vs DCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Lorgan Lifestyle Limited Vs DCIT (ITAT Pune)
Reopening After 4 Years on Same “Hawala Purchase” Material = Mere Change of Opinion: Pune ITAT Quashes Reassessment
The Pune ITAT quashed reassessment proceedings initiated after four years where the AO attempted to reopen completed scrutiny assessment merely on the basis of the very same “hawala purchase” information already examined during original proceedings under section 143(3).
In the case of Lorgan Lifestyle Limited (erstwhile Sri Sidhivinayak Marketing), the AO reopened assessment alleging bogus purchases of over ₹...
Author Info
