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2020 (2) TMI 207 - AT - Income TaxReopening of assessment u/s 147 - HELD THAT:- Assessing Officer has reopened the case of the assessee when the proceedings under section 154 of the I.T. Act, 1961 were pending on the same issue. The ITAT Jaipur Benches [2018 (2) TMI 1635 - ITAT JAIPUR] has decided this issue in favour of the assessee and set aside initiation of proceeding u/s 147/148 of the Act and consequential reassessment order, as a result thereof the grounds on merits have become infructuous. Keeping in view the facts and circumstances of the present case, I am of the view that the issue in dispute has already been adjudicated and decided in favour of the assessee by the ITAT Jaipur Benches (supra) - cancel the proceedings initiated u/s 147/148 and consequential reassessment order
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