Bombay High Court quashes tax reassessment notice against Tata Sons for financial year 2003-04

The Court stated that a change in opinion on the material and facts examined at the time of the first assessment cannot justify reopening of the assessment.
Tata sons and Bombay HC
Tata sons and Bombay HC

The Bombay High Court recently quashed notice issued against Tata Sons Ltd that sought to reassess the income tax for the Financial Year 2003-04 and the order rejecting their objections raised. [Tata Sons Limited v. Deputy Commissioner of Income & Ors.]

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