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Reassessment without application of mind and examining the facts is invalid and liable to quash
Case Law Details
- Case Name
- Unique Metal Industries Vs ITO (ITAT Delhi SMC)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
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Brief of the case:
Hon’ble ITAT decided in this matter that reopening without application of mind is liable to quash and also elaborate that examination of facts and information received is necessary before reopening. In addition to this legal ground ITAT also heard the appeal on merits and decided various issues after considering the facts of the case.
Facts of the case:
Original assessment of the assessee was accepted u/s 143 (1).
Later on, on the basis of certain information received the case was reopened and notice was served accordingly.
Assessment was completed u/s 1...
