Capriso Finance Ltd. vs. ACIT

Parties Involved

Facts Summary

The assessee, Capriso Finance Ltd., filed an appeal against the order dated 19.11.2025 passed by the Ld. CIT(A)/NFAC, Delhi for the Assessment Year 2020-21. The grounds of appeal included the CIT(A) setting aside the assessment order for fresh assessment without deciding the jurisdictional issue of the validity of reassessment proceedings, including making a variation to the returned income without issuing notice under section 143(2) of the Act. The assessee also argued that the CIT(A) erroneously held that submissions could not be made before the AO and restored the matter back to the AO for adjudication. Additionally, the assessee claimed that the orders passed by the CIT(A) and the Assessing Officer were bad in law and void-ab-initio. The appeal was heard on 08.07.2026 and the order was pronounced on 24.09.2026.…

Legal Issues

• 1. Validity of reassessment proceedings including the making variation to the returned income without issuing notice u/s. 143(2) of the Act.

Judgment Outcome

Decided in favour of Assessee.

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