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2011 (6) TMI 228 - DELHI HIGH COURTAppeal to High court - Quashed re-assessment order passed u/s 143(3)/147 - The present case is squarely covered by the judgment of the Court in Ranbaxy Laboratories Limited v. Commissioner of Income Tax [2011 (6) TMI 4 - DELHI HIGH COURT] wherein it was held that, Assessing Officer had the jurisdiction to reassess issues other than the issues in respect of which proceedings are initiated but he was not so justified when the reasons for the initiation of those proceedings ceased to survive. - Thus, the questions in affirmative in favour of the assessee and against the Revenue and consequently dismiss the appeal.
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