Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2007 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (12) TMI 169 - HC - Income TaxReopening of assessment - Held that:- From the reasons recorded and the affidavit in reply filed on behalf of the Revenue, it is seen that there are no reasons on the basis of which prima facie it can be said that income has escaped assessment. Although it is alleged that there is failure on the part of the assessee to disclose fully and truly all material facts, in fact the reopening is based on the facts which are already on record. Therefore, it cannot be said that the assessee has failed to disclose fully and truly all material facts. Thus the impugned notice cannot be sustained. W.P. allowed.
|