Information triggering the assessment/ reassessment proceedings must be furnished to the assessee
Last updated: 04 February 2023
Court :
Delhi High Court
Brief :
The Hon'ble Delhi High Court in Charu Chains and Jewels Pvt. Ltd. v. Assistant Commissioner of Income Tax [W. P. (C) 17577/2022 dated December 22, 2022]set aside the reassessment order against the assessee, on the grounds of non-supply of the information/ material by the Revenue Department for reopening of assessment. Held that, the underlying information/material which forms the basis of triggering the assessment/reassessment proceedings must be furnished to the assessee. Further, directed the Revenue Department to furnish the underlying material concerning the assessee within 3 weeks, to grant personal hearing and, thereafter, take decisions in accordance with law.
Citation :
W. P. (C) 17577/2022 dated December 22, 2022
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Bimal Jain
Published in Income Tax
Views : 323
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