Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2015 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (1) TMI 1021 - GUJARAT HIGH COURTReopening of assessment - ITAT held reopening as illegal as beyond four years and the assessee has fully disclosed true and complete facts, necessary for assessment - ITAT came to conclusion that the Appellate Commissioner has not committed any error in allowing the assessee to produce new material in violation of Rule 46A - Held that:- We are in complete agreement with the view taken by the Tribunal. The Tribunal has given cogent and convincing reasons in arriving at the conclusion. We do not find any reason to interfere with the order of the Tribunal. Hence, the present appeals are dismissed. Accordingly, we hold that the Tribunal was right in law in coming to the conclusion that reopening of assessment for Assessment Year 1989-90 under Section 147 read with Section 148 of the Income Tax Act is illegal. The Tribunal was also right in coming to the conclusion that the Appellate Commissioner has not committed any error in allowing the assessee to produce new material on record. - Decided in favour of assessee.
|