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2020 (12) TMI 681 - HC - Income TaxValidity of re opening of the assessment - whether the escapement of the income, if any, came about because of non disclosure by the assessee warranting action under proviso to Section 147 of the Income Tax Act, 1961? - ITAT held that CIT(A) fell in error in holding the re-assessment to be invalid - HELD THAT:- From perusal of the extracted portion of the order passed by the tribunal, it is evident that the order passed by the tribunal has been passed in a cryptic and cavalier manner and well reasoned order passed by the Commissioner of Income Tax (Appeals) has been set aside without assigning any cogent reasons. Therefore, in the peculiar facts of the case, we deem it appropriate to quash the order of the tribunal and to remit the matter to decide the issue with regard to reopening of the assessment afresh by a speaking order.
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