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2011 (3) TMI 717 - HC - Income TaxAddition - escaped assessment u/s 148 - whether preconditions for reopening of assessment as stipulated under Section 147 of the Act are satisfied in the present case - the Assessing Officer in the original assessment proceedings had not examined and gone into the direct expenditure/costs incurred of Rs.1,14,29,03,442/- and, therefore, the reopening of assessment is justified. It is pointed out that this is not the reason for reopening mentioned by the Assessing Officer. The reasons for reopening have to stand on their legs and cannot be substantiated for reasons and grounds which are not mentioned therein - Decided in favour of assessee.
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