Reassessment can Be Closed at the Stage of Objection Disposal If Case is Wrongly Reopened

Vaman Prestressing Co. Pvt. Ltd. Vs ACIT (Bombay High Court)

Introduction: The case of Vaman Prestressing Co. Pvt. Ltd. vs. ACIT, as heard by the Bombay High Court, sheds light on the intricacies of reassessment in income tax matters, particularly concerning the concept of commercial expediency and the necessity of a valid belief for reopening assessments.

Detailed Analysis: In this case, the court referred to the precedent set by the Hon’ble Apex Co

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