Reopening of assessment under Section 147/148 not permissible when final settlement order under Section 245D(4) has been passed

Orchid Infrastructure Developers Pvt Ltd Vs PCIT (Delhi High Court) Reopening of assessment under Section 147/148 not permissible when final settlement order under Section 245D(4) has been passed The Hon’ble Delhi High Court in “Orchid Infrastructure Developers Pvt. Ltd. vs. Pr. Commissioner of Income Tax, Central Circle – 3, New Delhi, W.P. (C) 16524 of 2023″ has held that reopening of assessment under Section 147/148 is not permissible when final settlement order under Section 245D(4) has been passed in favour of the assessee for the relevant assessment year. It has f...