Reopening Beyond Four Years Without Alleging Assessee’s Failure Is Void

ACIT Vs Make My Trip (India) P. Ltd. (ITAT Delhi)

Reopening Beyond Four Years Without Alleging Assessee’s Failure Is Void; Verbatim Reasons, No New Material: ITAT Invalidates 147 Notices

Delhi Tribunal quashed the reassessments for AY 2007-08 & AY 2008-09 in the case of Make My Trip (India) Pvt. Ltd., holding that the reopening was beyond four years & failed to satisfy the mandatory jurisdictional requirement under the first proviso to section 147. Assessee had fully disclosed all material facts in the original assessment<

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