Re-assessment Proceedings under the Income Tax Act cannot be triggered qua Aspects Which AO Already Formed an Opinion: Delhi HC [Read Order]

Re-assessment Proceedings - Income Tax Act - Income Tax - Re-assessment Proceedings under the Income Tax Act cannot be triggered qua Aspects Which AO - AO - Delhi HC - taxscan

The Delhi High Court held that reassessment proceedings under the Income Tax Act, 1961 cannot be triggered qua aspects which the Assessing Officer (AO) already formed an opinion on.         The petitioner/assessee Basic Clothing Private Limited claimed that there has been a change of opinion since the allegations based on which the reassessment proceedings had been…

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