Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (12) TMI 64 - HC - Income TaxReopening of assessment - disclosure made by the appellant under the VDIS - unexplained investment - amount of Rs. 67.75 lakhs placed as deposit with L.T. Shroff group - "Whether, on the facts and in the circumstances of the case, the order of the Tribunal can be said to be perverse when the Tribunal has failed to appreciate that the appellant was prevented by sufficient cause from producing the passbook issued by L.T. Shroff group at any stage prior to the appellate proceedings in the second round after the assessment order was set aside in the first round?" – Held that it is not possible to accept the stand of the Revenue that the impugned notice seeking to reopen the completed assessment for the assessment year 1996-97 was validly issued.
|