Reassessment of completed assessment Without Incriminating Material Untenable: Delhi HC

Saksham Commodities Limited Vs ITO (Delhi High Court)

Delhi High Court held that a reopening or abatement would be triggered only upon the discovery of material which is likely to “have a bearing on the determination of the total income”. Thus, AO seeking to reassess completed assessment without incriminating material is untenable in law.

Facts- Vide the batch of writ petitions, the petitioners impugns notices issued under Section 153C of the Income Tax Act, 1961

Please become a Premium member. If you are already a Premium member, login here to access the full content.