Allowing the petition the Court held that reopening of assessment based on the audit objection is bad in law. Accordingly the notice and order disposing the objection is quashed and set aside. (AY. 2017-18)
Adani Power Rajasthan Ltd v. ACIT (2023) 150 taxmann.com 136/ 334 CTR 187/(2024) 461 ITR 210 (Guj)(HC)
S. 147 : Reassessment-Audit objection-Corporate Social Responsibility-Change of opinion-Notice and order disposing the objection is quashed and set aside. [S. 37(1), 148, Companies Act, 2013, S.135, Art. 226]