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ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet
Case Law Details
- Case Name
- Vimal Alloys Private Limited Vs DCIT (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All ITAT, ITAT Chandigarh
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Vimal Alloys Private Limited Vs DCIT (ITAT Chandigarh)
Reassessment Quashed: ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet and Jurisdictional Lapses
The Chandigarh Bench of the ITAT quashed the reassessment for AY 2016-17 in the case of Vimal Alloys Pvt. Ltd., holding the reopening under sections 147/148 to be invalid and the consequential addition under section 69A unsustainable. The original assessment had been completed under section 143(3), and the reassessment was initiated beyond four years without any allegation or ...
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