https://www.taxtmi.com/caselaws?id=445019 Delhi HC set aside reassessment notice u/s 148 and order rejecting assessee's objections. Court found that despite typographical error in balance sheet Note 8, assessee had provided complete investment details in replies dated 16.12.2014 and 10.03.2015, making full disclosure of investment in company. AO had opportunity to inquire further during scrutiny but chose not to. Since AO failed to demonstrate deficiency in assessee's explanation regarding investment discrepancy, reassessment proceedings were unjustified. Decision favored assessee. en-us Tue, 12 Sep 2023 00:00:00 +0530 Sat, 28 Oct 2023 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445019 Delhi HC set aside reassessment notice u/s 148 and order rejecting assessee's objections. Court found that despite typographical error in balance sheet Note 8, assessee had provided complete investment details in replies dated 16.12.2014 and 10.03.2015, making full disclosure of investment in company. AO had opportunity to inquire further during scrutiny but chose not to. Since AO failed to demonstrate deficiency in assessee's explanation regarding investment discrepancy, reassessment proceedings were unjustified. Decision favored assessee. Case-Laws Income Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445019