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Reassessment not valid if no application of mind by AO: ITAT Pune
Case Law Details
- Case Name
- Aadhunik Infrastructure Development Pvt. Ltd. Vs DCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
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Aadhunik Infrastructure Development Pvt. Ltd. Vs DCIT (ITAT Pune)
The Income Tax Appellate Tribunal (ITAT), Pune Bench “A,” has ruled in favor of Aadhunik Infrastructure Development Pvt. Ltd. (formerly Gauri Plasticulture Pvt. Ltd.), setting aside the reassessment proceedings initiated under Section 147 of the Income Tax Act, 1961, for the Assessment Year 2012-13. The appeal was filed against the order of the CIT(A)/NFAC, Delhi, which upheld the validity of reassessment and sustained an addition of ₹50 lakh under Section 68.
Background of the Case
The original assessment was completed u...
Author Info
