Material which considered in Prior Reassessment Proceedings shall not subject matter of Reassessment in Fresh Proceedings: Delhi HC [Read Order]

As per the ruling made by Delhi High Court in granting the writ petition, materials that were examined in previous reassessment proceedings are not eligible for reevaluation in new proceedings
By Aparna. M - On December 12, 2023 4:37 pm - 2 mins read
Material - Reassessment Proceedings - Delhi High Court - writ petition - Fresh Proceedings - taxscan

In a recent case, the Delhi High Court, while allowing the writ petition, held that material considered in prior reassessment proceedings should not be the subject matter of reassessment in fresh proceedings. Petitioner PMC Fincorp Ltd, formerly Priti Mercantile Company Ltd., filed its Return of Income (ROI) for the Assessment Year (AY) 2011-12 on 30.09.2011….

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