Case Law Details
Case Name : Oxford University Press Vs DCIT (Bombay High Court)
Related Assessment Year : 2014-15
Courts :
All High Courts Bombay High Court
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Oxford University Press Vs DCIT (Bombay High Court)
Bombay High Court quashed the income tax reassessment proceedings initiated against Oxford University Press (OUP) for the assessment year 2014-15. The reassessment notice was issued under Section 148 of the Income Tax Act, 1961, beyond the four-year limitation period. The court ruled that the conditions for reopening the assessment were not met, as there was no failure on the part of OUP to fully and truly disclose material facts. The department had sought to reassess OUP based on a later classification as a “non-resident
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