Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law

Ugar Sugar Works Limited Vs ACIT (Bombay High Court)

In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax Department for failing to address objections raised by the assessee. This petition marked the second round of proceedings, following an earlier writ petition where the court had quashed the Assessing Officer’s order disposing of the assessee’s objections due to incomplete reasons provided for reopening the case under Section 148 of the Income Tax Act, 1961. The court had mandated the depart

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