This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No Reassessment After 4 Years for AO’s Error in Computing Income When Material Facts Fully Disclosed
Case Law Details
- Case Name
- Shrenik Kumar N. Baldota Vs DCIT (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All High Courts, Bombay High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Shrenik Kumar N. Baldota Vs DCIT (Bombay High Court)
Bombay High Court ruled in favor of Shrenik Kumar N. Baldota, quashing an income tax reassessment notice issued under Section 148 of the Income Tax Act, 1961. The case pertained to the assessment year 2015-16, with the reassessment notice issued on March 27, 2021. The petitioner challenged the validity of the proceedings, arguing that the notice lacked jurisdictional basis as required under Section 147 of the Act.
The court examined the reasons for reopening the assessment, which were based on discrepancies in interest incom...
Author Info
