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No Reassessment for Appealed Issues
Case Law Details
- Case Name
- Carborundum Universal Limited Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Chennai
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Carborundum Universal Limited Vs ACIT (ITAT Chennai)
Introduction: Carborundum Universal Limited vs ACIT (ITAT Chennai) is a landmark case that highlights a significant legal principle within the Indian Income Tax Act of 1961. This case revolves around the reopening of assessment and its viability when the issue is already the subject matter of appeal. The case gives insight into the application of the provisions of section 147 and section 14A of the Act, and it provides clarity on the limitations regarding the reopening of assessments.
Analysis:
1. Background and Appeal Groun...
