Merely because Books of Account were available to AO not Reason for Triggering Reassessment Proceedings: Delhi HC [Read Order]

By Kalyani B. Nair - On January 18, 2024 9:32 am - 2 mins read
Delhi HC - Delhi high court - Reassessment Proceedings - Delhi High Court ruling - AO discretion in reassessment cases - TAXSCAN

In a significant decision the Delhi High Court observed that merely because books of account were available to the Assessing Officer (AO) is not valid reason for triggering reassessment proceedings. The petitioner had filed its Return of Income (ROI) on 28.11.2012. Via the said ROI, the petitioner declared its total income as Rs.57,37,84,404/-. The petitionerā€™s…

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