Case Law Details
Case Name : Chetak Enterprises Ltd. Vs ACIT (Rajasthan High Court)
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All High Courts Rajasthan High Court
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Chetak Enterprises Ltd. Vs ACIT (Rajasthan High Court)
In the case of Chetak Enterprises Ltd. vs. ACIT, the Rajasthan High Court dealt with the validity of reassessment proceedings initiated for the assessment year 2018-2019. Here’s a detailed summary:
The petitioner, Chetak Enterprises Ltd., initially underwent scrutiny assessment under Section 143(3) of the Income Tax Act, 1961 for the assessment year 2018-2019, wherein an income of Rs. 42.44 crores was declared. Subsequently, based on information obtained from a search and survey action on APCO Infratech Private Limited
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