No Re-Opening of Income Tax Assessment u/s 148 without New Materials: Delhi HC [Read Order]
It becomes apparent that the impugned action of reassessment cannot be sustained, the Bench noted.
By Manu Sharma - On September 10, 2024 4:50 pm - 2 mins read
The Delhi High Court recently ruled that an income tax assessment cannot be reopened under Section 148 of the Income Tax Act without new material evidence and quashed the reassessment proceedings initiated for the Assessment Year 2015-16. The petitioner challenged the reassessment on the grounds that it was time-barred under the First Proviso to Section…
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