Completed Assessment can be Reopened only if Incriminating Material is found during Search u/s 132 of Income Tax Act: Delhi HC [Read Order]

Delhi High Court - Income Tax - Completed assessment - Reopening assessment - Incriminating material - taxscan

In a recent decision, the Delhi High Court ruled that the completed assessment can be reopened only if incriminating material is found during search under Section 132 of the Income Tax Act, 1961. The issue for consideration was whether the Income Tax Appellate Tribunal (ITAT) fell into error in setting aside the sums brought to…

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