Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2016 (6) TMI 52 - ITAT BANGALORE
Reopening of assessment - Held that:- We are of the considered opinion that the AO had not satisfied the condition precedent for invoking the provisions of sec.147 i.e. reason to believe that income escaped assessment and therefore, we have no hesitation to quash the re-assessment proceedings. - Decided in favour of assessee.