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Audit objections alone do not fulfill criteria for reopening assessments: Delhi HC
Case Law Details
- Case Name
- PCIT Vs Samsung India Electronics Pvt. Ltd. (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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PCIT Vs Samsung India Electronics Pvt. Ltd. (Delhi High Court)
Reassessment proceedings cannot be initiated after a lapse of four years in absence of new tangible material and audit objections alone do not fulfill the criteria for reopening assessments
The case of PCIT vs Samsung India Electronics Pvt. Ltd. revolves around the validity of reassessment proceedings initiated by the Revenue for the Assessment Year (AY) 2002-03, specifically concerning whether there was sufficient new tangible material to justify reopening the assessment after the lapse of four years.
In summary, Samsung India El...
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