Reassessment Quashed Due to Change of Opinion After Scrutiny

Nila Infrastructures Limited Vs ACIT (Gujarat High Court)

The Gujarat High Court allowed the writ petition and quashed the notice dated 29.03.2018 issued under Section 148 of the Income-tax Act, 1961, along with the order rejecting objections and all consequential reassessment proceedings for Assessment Year (AY) 2011–12. The Court held that the reopening of assessment was without jurisdiction and contrary to the statutory conditions prescribed under Sections 147 and 148 of the Act.

The assessee had filed its original return for AY 2011–12 on 27.09.2011

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