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Reassessment quashed as barred by limitation by virtue of section 149(1): Delhi HC
Case Law Details
- Case Name
- ADM Agro Industries Private Limited Vs ACIT (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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ADM Agro Industries Private Limited Vs ACIT (Delhi High Court)
Delhi High Court held that initiation of reassessment proceedings by issuance of notice under section 148 of the Income Tax Act is not sustainable in law in as much as the same is barred by limitation as stipulated u/s. 149 (1) of the Income Tax Act.
Facts- The petitioner is a private company incorporated under the laws of India and is engaged in the business of manufacturing/ extraction/trading/refining/ processing and packaging of edible oils and other agro-based products.
Post completion of scrutiny assessment, ...
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