ITO, Kolkata Vs. Nitin Hire Purchase Pvt. Ltd.
Parties Involved
Facts Summary
This is an appeal preferred by the revenue against the order of the Ld. Commissioner of Income Tax (Appeals)-NFAC, Delhi for the Assessment Year 2012-13. The Ld. Counsel for the assessee submitted that the revenue has not taken any legal issue challenging the appellate order of the Ld. CIT(A) dated 02.04.2024. The Ld. CIT(A) allowed the appeal of the assessee on the legal issue that the reopening of assessment was merely a change of opinion and hence bad in law.…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the reopening of assessment was merely a change of opinion and hence bad in law?
Judgment Outcome
Decided in favour of Partly Assessee / Partly Revenue.
Precedents Relied Upon
1 precedent cited in this judgement.
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