Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (1) TMI 1719 - AT - Income TaxReopening of assessment - disallowance u/s 40A(3) - Held that:- CIT(A) has rightly quashed the reopening of assessment made by the Assessing Officer u/s 147 of the Act by observing that there was absolutely no fresh information provided or collected and the initiation of proceedings u/s 147 after a period of four years for effecting disallowance u/s 40A(3) of the Act is not valid. Accordingly, we uphold the order of the CIT(A) and dismiss the grounds raised by the revenue on this issue. - Decided in favour of assessee.
|