Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (10) TMI 298 - HC - Income TaxReopening of assessment u/s 147 - non disclosure of investment in the ITR - borrowed satisfaction - Assessee submitted the, the Form ITR2, at the relevant point of time, did not include any column for the disclosure of investment - the assessee had salary income from other sources and capital gains. In such circumstances, the assessee was required to file the ITR 2 - HELD THAT:- Following the decision of HC in the case of SARALA DEVI BIRLA [1989 (8) TMI 6 - CALCUTTA HIGH COURT], the impugned notice for reopening of the assessment is not sustainable in law. We hold that the reasons recorded by the Assessing Officer to form the belief that the income chargeable to tax had escaped assessment lack validity. The impugned notice is therefore, set aside. The writ-application is accordingly allowed and is disposed of.
|