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Madras HC Quashes Reassessment Where No Addition Was Made on Recorded Reason for Reopening
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Ltd. Vs ACIT (Madras High Court) The Madras High Court considered a challenge to a notice dated 28.03.2018 issued under Section 148 of the Income-tax Act, 1961, the consequential reassessment proceedings, the speaking order dated 30.08.2021, the directions issued under Section 144A, and the assessment order dated 31.03.2022 for AY 2013-14.
The petitioner had originally filed its return, which was scrutinised and culminated in an assessment order dated 28.03.2016.
A rectification application was filed on 07.04.2016.
Thereafter, the assessment was reopened under Section ...