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Reasons for reassessment must be specific, relevant & substantiated by tangible material

Case Law Details

Case Name
Pasari Casting and Rolling Mills Private Ltd Vs Income-tax Department through its NFAC (Jharkhand High Court)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2016-17
Advertisement Pasari Casting and Rolling Mills Private Ltd Vs Income-tax Department through its NFAC (Jharkhand High Court) Introduction: In a significant ruling, the Jharkhand High Court addressed the petition of Pasari Casting and Rolling Mills Private Ltd against the Income-tax Department’s reassessment for the Assessment Year 2016-2017. The court’s decision to quash the reassessment orders and related notices underlines the imperative adherence to the principles of natural justice and the procedural norms under the Income-tax Act, 1961. Detailed Analysis Case Background and...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,775

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