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2014 (9) TMI 1023 - AT - Income TaxValidity of reopening of assessment - Held that:- In the case on hand we find that the Ld. CIT has granted approval and Ld. JCIT has not granted the necessary approval as the assessment reopened with the approval of Commissioner of Income-tax, whereas the statute required the approval of the joint Commissioner of Income-tax. Hence we quash the reopening of the assessment as bad in law. In the result, the C.O. of the assessee is allowed. Since we have allowed the C.O. of the assessee, consistent with the view taken therein, we dismiss the Revenue’s appeal. - Decided in favour of assessee
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