No Fresh Evidence? Telangana HC Invalidates Reopening of Completed Tax Assessment

Creamline Dairy Products Limited Vs PCIT- I (Telangana High Court) The writ petition challenged the legality of a reassessment initiated under Section 148 of the Income Tax Act, 1961 for Assessment Year 2016–17, along with the approval granted under Section 151 and subsequent notices. The petitioner sought to have these actions declared without jurisdiction, arbitrary, and contrary to law. The original assessment for the relevant year had been completed on 17.12.2018 after detailed scrutiny, during which the Assessing Officer examined all relevant documents, transactions, and submissions pro...