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2012 (7) TMI 39 - AT - Income TaxValidity of reassessment proceedings u/s 148 - invalid jurisdiction - additions made on grounds not recorded in notice - Held that:- CIT(A) has rightly held that the Assessing Officer had no jurisdiction to reassess issues other than the issue in respect of which reassessment proceedings were initiated when no addition was made in respect of the amounts of income escaping assessment for which the assessment was reopened. Therefore, it is held that the assumption of jurisdiction u/s 147 for making additions on account of long term capital gains and low withdrawals for household expenses in the reassessment order is without the authority of law and same is hereby quashed - Decided in favor of assessee.
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