Reassessment Initiated on Misconceived Audit Objections Without Tangible Material Quashed
Reassessment Initiated on Misconceived Audit Objections Without Tangible Material Quashed Issue Whether reopening an assessment under Section 148 based on an audit objection alleging an inadmissible TDS deduction under Section 43B is valid when all material was available during original scrutiny and no fresh tangible material exists. Facts The assessee filed its return for Assessment… Read More »