https://www.taxtmi.com/caselaws?id=756666 Delhi HC held that reassessment proceedings initiated solely for delayed digital submission of Form 10 were invalid. The court found that reassessment must be based on income escaping assessment, not mere procedural non-compliance with digital filing requirements introduced in 2016. Since the underlying accumulations under Section 11(2) were accepted in the original assessment and no income had escaped taxation, the delayed Form 10 submission did not justify reassessment. The writ petition was allowed, quashing the Section 148A(d) order and subsequent reassessment notice under Section 148. en-us Mon, 05 Aug 2024 00:00:00 +0530 Tue, 06 Aug 2024 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756666 Delhi HC held that reassessment proceedings initiated solely for delayed digital submission of Form 10 were invalid. The court found that reassessment must be based on income escaping assessment, not mere procedural non-compliance with digital filing requirements introduced in 2016. Since the underlying accumulations under Section 11(2) were accepted in the original assessment and no income had escaped taxation, the delayed Form 10 submission did not justify reassessment. The writ petition was allowed, quashing the Section 148A(d) order and subsequent reassessment notice under Section 148. Case-Laws Income Tax Mon, 05 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756666