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2017 (12) TMI 991 - AT - Income TaxValidity of reopening of assessment - reasons to believe - undisclosed sales - reopening made on the basis of the audit objection - Held that:- No infirmity in the order of the Ld. CIT (A) in quashing the assessment proceedings for the reason that in the reasons recorded by the Ld. assessing officer is no allegation that the sale on part of the assessee to disclose fully and truly all material facts necessary for assessment. Further the reopening has been carried out after the 6 years and what was the tangible material that has come to into the possession of the Ld. assessing officer for reopening has also not been mentioned. More importantly it was merely on the reappraisal of the same set of facts which were there in the original assessment. In view of this we confirm the order of the Ld. CIT (A) in quashing the reopening proceedings of the assessment. Therefore the solitary ground of the appeal of the revenue is dismissed.
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