Inadvertent Mistakes In Reassessment Can Be Saved But Assessment Order Overlooking Apparent Error Cannot: Delhi HC

The Delhi High Court has ruled that while inadvertent mistakes in reassessment can be saved under Section 292B of the Income Tax Act, an assessment order overlooking an error apparent cannot. This decision clarifies the limitations of Section 292B. It ensures that assessment orders are based on accurate information. This ruling underscores the need for clear guidelines on reassessment procedures. It emphasizes the importance of fair assessments. The High Court's order protects the rights of taxpayers.