Reassessment u/s 153A Requires Incriminating Material: Delhi HC

ACIT Vs Saluja Construction Co. Ltd (Delhi High Court) Introduction: In a recent case, the Delhi High Court addressed the critical issue of whether reassessment proceedings under Section 153A of the Income Tax Act could be initiated in the absence of incriminating material. The case, ACIT vs. Saluja Construction Co. Ltd., Assessment Year (AY) 2008-09, examined the validity of such proceedings and their compliance with tax law. This article delves into the case, the analysis, and its legal implications. Detailed Analysis: The case revolves around an assessment for AY 2008-09, where the Assessin...