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Incorrect Assumption of Facts Renders Reopening Legally Untenable
Case Law Details
- Case Name
- Regalia Jewels Pvt. Ltd Vs DCIT/ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Delhi
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Regalia Jewels Pvt. Ltd Vs DCIT/ACIT (ITAT Delhi)
ITAT Delhi rules tax reassessment invalid under Section 147 as AO’s ‘reason to believe’ was based on an incorrect assumption of facts about purchases; ITAT Quashes Tax Reassessment Based on Flawed Factual Premise; Dehradun Bench Rules Incorrect Assumption Invalidates Reopening Jurisdiction
Dehradun: The Income Tax Appellate Tribunal (ITAT), Delhi Bench (Dehradun), has set aside a reassessment order passed under Section 147 of the Income Tax Act, 1961, ruling that the Assessing Officer (AO) had invalidly assumed jurisdiction ...
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