TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SC India: Audit objections not grounds for reopening assessment; delay excused, pending applications resolved.</h1> <h3>Dy. Commissioner of Income Tax Circle 2 (1) Versus Alcatel Lucent India Ltd.</h3> The SC of India dismissed the Special Leave Petition, ruling that audit objections on income do not warrant reopening assessment in this instance. Delay ... Reopening of assessment - AO reopen the concluded scrutiny assessment based upon a satisfaction that income has escaped assessment - addition on basis of audit report - Held that:- Even if we accept the argument of the petitioner/Revenue that audit objections on the point of income can be valid to reopen the assessment, in the facts of the present case we do not find it to be a fit case for interference. The Special Leave Petition is dismissed. The Supreme Court of India dismissed the Special Leave Petition, stating that audit objections on income are not sufficient to reopen assessment in this case. Delay was condoned, and pending applications were disposed of accordingly.
TaxTMI 
TaxTMI 
