'First Decide Assessee’s Objections, Then Reopen Completed Tax Assessment': Bombay HC
Mumbai, October 3, 2026: The Bombay High Court has held that the Income Tax Department cannot begin reassessment proceedings until it first decides an assessee’s objections to reopening a completed tax assessment, stressing that the prescribed procedure must be followed before scrutiny can commence. The ruling came while quashing reassessment notices issued to diamond trading firm H.P. Diamonds…
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