AO rightly takes Approval from PCIT for Reassessment not Elapsed more than 3 years:  Calcutta HC upholds addition [Read Order]

AO - Approval - Approval from PCIT - PCIT - PCIT for Reassessment - Reassessment - Elapsed - Calcutta HC upholds addition - Calcutta High Court - addition - taxscan

A Single Bench of the Calcutta High Court has held that the Assessing Officer (AO) rightly took the approval from the Principal Commissioner of Income Tax (PCCIT) for the reassessment elapsed more than 3 years. Thus, dismissed the writ petition. The Petitioner Gemini Overseas Limited has challenged the impugned order dated 24th April, 2023 under…

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