Relief to Castrol India: Bombay HC quashes Reassessment Proceedings Initiated on change of Opinion [Read Order]
Major relief to Castrol India, the Bombay HC quashes re-assessment proceedings initiated on change of opinion
By Kalyani B. Nair - On March 19, 2024 12:21 pm - 2 mins read
In a major relief to Castrol India, the Bombay High Court quashed re-assessment proceedings initiated on change of opinion. The petitioner assailed notice issued under Section 148 of the Income Tax Act and order passed by the Income Tax Department rejecting the objections of Petitioner in the present petition. Petitioner is a company incorporated under…
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