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2014 (5) TMI 808 - ITAT DELHIReopening of assessment u/s 147 of the Act - Addition u/s 68 of the Act – Unexplained cash credits - Held that:- In the previous case of the same assessee it has been held that the reopening of assessment u/s. 147 of the Act and also the consequent assessment framed u/s. 147/143(3) of the Act are invalid - after the reassessment proceedings have been held invalid, whatever follows thereafter must also necessarily be invalid and none of the additions can be sustained – Relying upon Rawatmal Harakchand vs. CIT [1978 (3) TMI 10 - CALCUTTA High Court] – Decided against Revenue.
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