ITAT Delhi Quashes Reassessment as Reopening Was Based Only on Audit Objection

Advertisement A2Z Waste Management (Ranchi) Limited Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal, Delhi Bench, considered an appeal filed by the assessee against the order of the Commissioner of Income Tax (Appeals) dated 24 January 2024 arising from reassessment proceedings under Sections 144 and 147 of the Income Tax Act, 1961 for Assessment Year 2013-14. The assessee had originally filed its return of income on 29 September 2013 declaring nil income. The assessment was completed under Section 143(3) on 30 December 2015 accepting the returned income at nil. Subsequently, the cas...