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HomeDirect TaxDept. Acted On ‘Factually Wrong’ Grounds: Bombay HC Quashes Reopening of Assessment...

Dept. Acted On ‘Factually Wrong’ Grounds: Bombay HC Quashes Reopening of Assessment Against Charitable Trust 

Direct Tax

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By Mariya Paliwala
Dept. Acted On ‘Factually Wrong’ Grounds: Bombay HC Quashes Reopening of Assessment Against Charitable Trust

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The Bombay High Court has quashed the Income Tax Department’s move to reopen the assessment of a charitable trust for AY 2018–19, holding that the reopening was based on incorrect facts, misreading of records, and amounted to a mere change of opinion. A Division Bench of Justice B. P. Colabawalla and Justice Amit S. Jamsandekar…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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