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2014 (4) TMI 524 - AT - Income TaxReopening of assessment u/s 147 – CIT(A) reopened of assessment u/s 147 and confirmed disallowance made by AO against deduction on account of de-bonding interest on capital goods – Held that:- letter dated 19.09.2007 indicates that assessee has provided all details on impugned claims of deduction and after opining on said details assessment has been completed by AO on 20.12.2007 - Reasons recorded for reopening said assessment do not suggest that any tangible material has come for concluding that there is escapement of income from assessment - Applying ratio of Apex Court in case of CIT vs. Kelvinator of India Ltd. [2010 (1) TMI 11 - SUPREME COURT OF INDIA], CIT(A) is not justified in confirming reopening of assessment made by AO u/s 147 of Act - Reopening of assessment made under section 147 is bad in law and the same is quashed - Original assessment order passed under Section 143(3) is restored – Decided in favor of Assessee.
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