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No reassessment of Completed/Unabated Assessments Without Incriminating Material: SC
Case Law Details
- Case Name
- PCIT Vs King Buildcon Pvt. Ltd (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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PCIT Vs King Buildcon Pvt. Ltd (Supreme Court of India)
In a significant decision, the Supreme Court of India has ruled in the case of PCIT Vs King Buildcon Pvt. Ltd that reassessment proceedings should not be conducted on completed/unabated assessments if no incriminating material is found during a search.
The ruling provides clarity on the circumstances under which completed or unabated assessments can be reopened. The Supreme Court’s decision reaffirms the ruling in the case of Municipal Commissioner of Income Tax v. Abhisar Buildwell Pvt. Ltd. The court acknowledged that the Assessin...
