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Reassessment Quashed for Change of Opinion on Promotional Expenditure
Case Law Details
- Case Name
- Asian Paints Ltd. Vs ACIT (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All High Courts, Bombay High Court
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Asian Paints Ltd. Vs ACIT (Bombay High Court)
The Bombay High Court allowed the writ petition and quashed the notice dated 31 March 2021 issued under Section 148 of the Income-tax Act, 1961, along with the order dated 7 February 2022 rejecting the assessee’s objections, holding that the reassessment proceedings for Assessment Year (AY) 2013–14 were without jurisdiction.
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