CSR Reassessment & 80G Denial Based Only on Audit Objection Invalid: Bombay HC

Marico Limited Vs DCIT (Bombay High Court) Reassessment of assessment – review v/s reopening – change of opinion – Reopening on same material – permission to re-look or re-examine the documents that were filed and considered by him in the original assessment proceedings – The Bombay High Court quashed reassessment proceedings for AY 2018–19, holding that reopening based solely on an audit objection amounts to a “change of opinion” and is impermissible under Section 147 of the Income Tax Act. The assessee’s claim of deduction under Section 80G, including donati...