Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (8) TMI 110 - GUJARAT HIGH COURTReopening of assessment u/s 147 - original assessment u/s 143(3) - HELD THAT:- The Tribunal has recorded a finding of fact that there was no good reason for the AO to come to the conclusion that the income had escaped assessment. The finding of fact recorded by the Tribunal is that there was no new tangible material in the hands of the AO at the time of initiating the reassessment proceedings u/s 147 of the Act and at the time of issuing the notice u/s 148. Having regard to the finding of fact recorded by the Appellate Tribunal, we are not inclined to disturb the order. None of the questions as proposed by the Revenue would be termed as substantial question of law involved in this Tax Appeal. - revenue appeal is dismissed
|