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ITAT Quashes Assessments Over Common & Mechanical Approvals for Multiple Years
Case Law Details
- Case Name
- ACIT Vs Splendor Landbase Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12 & 2012-13
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs Splendor Landbase Ltd. (ITAT Delhi)
Income Tax Appellate Tribunal (ITAT), Delhi, delivered a significant verdict, quashing the assessment orders issued against Splendor Landbase Ltd. and its director, Hridey Vikram Bhatia, by the Assistant Commissioner of Income Tax (ACIT), Central Circle-3, New Delhi. These appeals, filed by the Revenue against the orders of the Commissioner of Income-tax (Appeals) [CIT(A)], pertained to assessment years following a search and seizure operation conducted on the Splendor Group on March 22, 2013. The ITAT’s decision rested on the grounds that the ...
