The Income Tax Appellate Tribunal (ITAT), Delhi Bench has set aside a reassessment order after holding that the reopening was initiated on an incorrect factual assumption — specifically, that the taxpayer had not filed his return of income for Assessment Year (AY) 2008-09. The bench of Vikas Awasthy (Judicial Member) and Avdhesh Kumar Mishra (Accountant…
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ITAT Quashes Reopening After Finding Assessment Based on ‘Wrong Assumption of Facts’
Amit Sharma
Amit Sharma is the Content Editor at JurisHour. He has been writing about the Indian legal market. He has covered tax & company litigation stories from the Supreme Court, High Courts and Various Tribunals. Amit graduated from MLSU Law College with B.A.LL.B. and also holds an LL.M. from MLSU, Udaipur, Rajasthan. An Advocate in Taxation, and practised in Tribunals as well as Rajasthan High Court and pursued Masters in Constitutional Law. He started out small with little resources but a big plan to take tax legal education to the remotest locations across India and eventually to the world. His vision is to make tax related legal developments accessible to the masses.
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