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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)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
- Courts
- All High Courts, Jharkhand High Court
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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...





