Senior Officers Expected to Exercise Due Diligence in Initiating Reassessment for Concluded Assessment.

Shourya Infrastructure Pvt. Ltd. Vs ITO (Delhi High Court)

Conclusion: Reopening of the concluded scrutiny assessment was a serious business, therefore, senior officers like ACIT and PCIT were expected to apply their minds to such requests and, only after that, approve the initiation of reassessment proceedings.

Held: SIPL was in the real estate business, including constructing, buying, and selling immovable properties. Upon the assessee filing its Return

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