AO Cannot Reassess Other Income Without Assessing Initial Grounds: Calcutta HC

CIT Vs  Infinity Infotech Parks Ltd (Calcutta High Court) Calcutta High Court, in the case of CIT vs. Infinity Infotech Parks Ltd, addressed the validity of reassessment proceedings initiated by the Income Tax Department under Section 147 of the Income Tax Act, 1961. The case arose from an appeal against an order by the Income Tax Appellate Tribunal (ITAT) dated December 20, 2013, concerning the assessment year 2006-07. The department challenged the ITAT’s decision on whether the Assessing Officer (AO) could reassess income beyond the originally recorded reasons for reopening the asses...