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2017 (3) TMI 1749 - ITAT KOLKATAReopening of assessment u/s 147 - Bogus purchases - eligibility of reasons to believe - HELD THAT:- No additions having been made by the Assessing Officer to the total income of the assessee on account of suppression of sales, the very reasons for the initiation of reassessment proceedings had ceased to survive and in our opinion, it was not permissible to the AO to make additions to the total income of the assessee in the reassessments on the issue of bogus purchases, which was not the subject matter of reasons recorded by him for reopening the assessment as held by the Hon’ble Delhi High Court in the case of Ranbaxy Laboratories Limited [2011 (6) TMI 4 - DELHI HIGH COURT] and Jet Airways (I) Limited [2010 (4) TMI 431 - HIGH COURT OF BOMBAY] - Decided in favour of assessee.
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