The High Court allowed the assessee’s writ petition against an order of reassessment holding that there was no independent application of mind by the Assessing Officer while issuing notice which was based solely on an audit objection. SLP of Revenue is dismissed.(AY.2016-17)
Asst. CIT v. Adani Power Maharashtra Ltd. (2024)460 ITR 729/297 Taxman 394 (SC) Editorial: Adani Power Maharashtra Ltd v. Asst.CIT(2024) 460 ITR 720 (Guj)(HC)
S. 147: Reassessment-Audit objection-Notice based on audit objection-Special Leave petition dismissed. [S. 148, Art. 136]