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2017 (5) TMI 1801 - HC - Income TaxReopening of assessment u/s 147 - Assessment barred by limitation - HELD THAT:- Before proceeding with the matter it will not be out of place to mention that the second assessment order for the year 94-95 was over on 29th February, 2000. Taking into consideration that the second reassessment order was between the same parties, the transactions were examined and reopened for the third time after a lapse of almost one year on 28th March, 2001. This is nothing but against the fact that has been observed by Delhi High Court in WEL INTERTRADE PRIVATE LIMITED (FORMERLY WEL INTERTRADE LIMITED) & ANOTHER [2008 (8) TMI 18 - HIGH COURT DELHI] - It is nothing but harassment and in the year 95-96 which has been considered by the CIT(A) is complete answer to the issue. Decided in favour of the assessee against the department.
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