2014 (3) TMI 1170 - HC - Income Tax

Validity of reopening of reassessment - non communication of reasons to believe - HELD THAT - After perusing the records placed before it the learned Tribunal found that the reasons for reopening of the assessment u/s 148 read with Section 147 of the Income Tax Act 1961 were not communicated to the assessee before passing the assessment order. In view of the fact finding we think that the decision of the Tribunal 2013 (6) TMI 891 - ITAT HYDERABAD is absolutely correct and we donot want to interfere with the same.

Summary

The High Court of Andhra Pradesh upheld the Tribunal's decision regarding the reopening of assessment under Section 148 of the Income Tax Act, 1961. The appeal was dismissed with no order as to costs.