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ITAT Delhi Quashed Reassessments for Wrong Reasons, Time-Bar & Invalid Sanction
Case Law Details
- Case Name
- DCIT Vs Interlink Foods Private Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Interlink Foods Private Ltd. (ITAT Delhi)
The appeals filed by the Revenue & cross-objections by Interlink Foods Pvt. Ltd. were heard together since they involved common issues.
For AY 2011-12, Assessee challenged reopening u/s 147 based on incorrect reasons—AO had recorded that Assessee took accommodation entries from Surendra Kumar Jain of RKG Finvest Pvt. Ltd., but later admitted this was a “typographical mistake” & proceeded against other entities (Twinkle Mercantile Pvt. Ltd. & Shalini Holding Pvt. Ltd.). Tribunal held that such substitution of reasons is impermi...
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