No reassessment of Completed/Unabated Assessments Without Incriminating Material: SC

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

Please become a Premium member. If you are already a Premium member, login here to access the full content.