ITAT Quashes Reassessment initiated without Tangible Materials

Boston Scientific International Vs ACIT (ITAT Delhi)

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi, in the case of Boston Scientific International Vs ACIT, quashed the reassessment proceedings initiated by the Assessing Officer (AO) under section 147 of the IT Act. The tribunal held that the AO failed to present tangible materials that would warrant a reopening of the case under the given section.

The original assessment was completed under section 143(3) of the A

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