Re-Opening of Assessment by AO u/s 147 of Income Tax Act is Illegal and unjustified due to Unprocessed Original Return: ITAT [Read Order]

The Tribunal’s ruling addressed the primary ground of appeal regarding the legality of the re-opening, effectively favoring the assessee
By Sneha Sukumaran Mullakkal - On August 28, 2024 11:13 am - 2 mins read
Income Tax Appellate Tribunal - ITAT - Income Tax Act - Income Tax - Section 147 of Income Tax Act - Re-Opening of Assessment - ITAT Delhi - taxscan

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) quashed the assessment, holding that the re-opening of the assessment under Section 147 of Income Tax Act,1961 was illegal.The Tribunal’s decision followed the precedent set in Super Spinning Mills Ltd. vs Addl. CIT, where it was established that re-opening is unjustified if the original return has not…

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