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2012 (10) TMI 1010 - DELHI HIGH COURTReassessment u/s 147 - reasons to believe - Non disclosure of commission income received in cash - Held that:- AO failed to record reasons that there was failure on the part of the assessee to disclose fully all necessary facts for completion of his assessment - . The Assessing Officer has assumed that income by way of commission must have exceeded ₹ 1 lac which has not been disclosed - The reasons recorded are vague in nature - In the absence of recording such facts, the reopening of assessment is bad in law - the assessment made by the AO is annulled - Decided in favor of assessee
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