Finalized Assessment Cannot Be Reopened for Property Deed Re-registration

Dabur India Ltd Vs ACIT (ITAT Delhi) In the case of Dabur India Ltd vs ACIT (ITAT Delhi), the appeal arose from the assessment year 2011-12, following a reassessment initiated by the Assessing Officer (AO) under section 147/143(3) of the Income-tax Act, 1961. The primary issue revolved around the reassessment validity and adjustments made to the capital gains arising from the sale of immovable property. Dabur India Ltd, engaged in manufacturing and trading herbal and FMCG products, originally filed its return declaring an income of Rs. 253,24,04,903 for the year. Subsequently, the AO completed...