Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 658 - AT - Income TaxReopening of assessment - Held that:- reopening of assessment in the present case is based on the stand of assessing authority for other assessment years, and thus there is enough cause and justification for invoking Sec. 147/148 of the Act and following the judgment of Hon’ble Supreme Court in the case of Rajesh Jhaveri Stock Brokers Pvt. Ltd., (2007 (5) TMI 197 - SUPREME Court ) initiation of proceedings u/s 147/148 of the Act are upheld. Thus, on this aspect also assessee fails.
|