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Reopening of Completed assessment without new evidence is impermissible: Madras HC
Case Law Details
- Case Name
- Mahogany Logistics Services Private Limited Vs ITO (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-2018
- Courts
- All High Courts, Madras High Court
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Mahogany Logistics Services Private Limited Vs ITO (Madras High Court)
Madras High Court quashed the reassessment proceedings initiated against Mahogany Logistics Services Private Limited for the Assessment Year 2017-18. The company had filed its return on 13.10.2017, declaring a loss, and an assessment order was passed under Section 143(3) of the Income Tax Act, 1961, on 27.12.2019. The return was initially selected for limited scrutiny, and multiple notices under Sections 143(2) and 142(1) were issued, seeking details on exempt income, investments, and financial transactions. After complianc...
