Reopening u/s. 148 justified as full material was not available with AO at time of assessment: Delhi HC

R P Foam Home (P) Ltd Vs ACIT (Delhi High Court)

Delhi High Court held that reopening of assessment u/s. 148 of the Income Tax Act justified as assessment of tax u/s. 143(1) cannot be stated as assessment framed by AO and hence it cannot be contested that all the material was available with AO at the time of framing assessment.

Facts- The petitioner has filed the present petition impugning a notice dated 27.03.2018 issued under Section 148 of the Income Tax Act, 1961 for reopening the petitioner’s assessment for the Assessment Year 2011-12.

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