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Case Law Details

Case Name : Mobis India Limited Vs DCIT (Madras High Court)
Related Assessment Year : 2008-09 and 2009-10
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Mobis India Limited Vs DCIT (Madras High Court)

Hon’ble Supreme Court way back in 1979, in Indian and Eastern News Paper Society, put the issue beyond any pale of doubt by holding that the opinion on law rendered by an audit party cannot be the basis for exercising the power of reassessment. Evaluation of law and its bearing on the assessment must be directly and solely done by the assessing officer. The audit party can furnish information which leads the assessing officer to realise the need for reassessment. In other words, the information / mat

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