Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (8) TMI 289 - AT - Income TaxReopening of assessment u/s 147 - information received from the department of Commissioner of customs Preventive, New Delhi, for cheating of Govt., exchequer by misusing duty entitlement pass book scheme/draw back and focus product scheme - HELD THAT:- The assessment was done u/s. 144 and reasons was recorded and the basis of information from the department of customs. During the proceedings u/s. 148, AO did not verified the sanctity of transaction related to assessee. Even the document showing with the proper record was not with the Revenue Authorities. The reasons record and nature of additions are totally different. In the order ld. AO himself not confirmed able to determine his own recorded reasons. Accordingly the addition made to be deleted. Appeal of assessee allowed.
|