Reopening Completed Assessment Requires Incriminating Material under IT Act Section 132

Shyam Sunder Jindal Vs ACIT (Delhi High Court) Introduction: The Delhi High Court, in the case of Shyam Sunder Jindal vs. ACIT, delivered a crucial judgment on the reopening of assessments under Section 132 of the Income-tax Act, 1961. The court emphasized that a completed assessment can only be reopened if incriminating material is discovered during a search. This article provides an in-depth analysis of the court’s decision and its implications. Case Background: On 13.11.2017, the court admitted ITA No.612/2017 along with connected appeals. The primary question of law in focus was whet...