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2019 (2) TMI 813 - AT - Income TaxValidity of reopening of assessment - reason of re-opening - Held that:- As relying on BIR BAHADUR SINGH SIJWALI VERSUS INCOME TAX OFFICER WARD 1, HALDWANI [2015 (2) TMI 60 - ITAT DELHI] the reasons recorded by the Assessing Officer, were not sufficient reasons for reopening the assessment proceedings. We, therefore, quash the reassessment proceedings. Reassessment proceedings cannot be resorted to only to examine the facts of a case, no matter how desirable that be, unless there is a reason to believe, rather than suspect, that an income has escaped assessment.- Decided in favour of assessee. - Decided in favour of assessee
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