Revenue Cannot Use Reassessment Powers as a Review Mechanism

Aarti Fabricott Private Limited Vs ITO (Delhi High Court)

The case of Aarti Fabricott Private Limited vs ITO revolves around the legality of reassessment proceedings initiated under Section 148 of the Income Tax Act, 1961. The petitioner, Aarti Fabricott Pvt Ltd, challenged the reopening of its assessment for the Assessment Year 2017-18 based on a notice issued by the Income Tax Officer (ITO).

The core issue before the Delhi High Court was whether the Income Tax Officer had sufficient grounds (“reasons to believe”) to initiate reassessment proceedings against Aar

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