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2016 (6) TMI 1459 - AT - Income TaxValidity of reopening of assessment u/s 147 - Reasons to believe or purposes of verification - As in Original return of income, the assessee has shown income of Rs. Nil after claiming deduction under chapter VI-A of business income and in revised return loss without claiming any deduction under chapter VI-A claimed - HELD THAT:- AO failed to make out any case for escapement of income. He sought to reopen the assessment merely for re-verification of certain documents, which is not contemplated in the Act. No merit in the present appeal, because, the ld.CIT(A) has placed reliance upon the decision of tINDUCTOTHERM (INDIA) PVT. LTD. [2012 (9) TMI 16 - GUJARAT HIGH COURT] holding that notice under section 148 was not issued by the AO after lying his hand on any information which enable him to form a belief that the income has escaped assessment. The ld.AO merely sought to reopen the assessment for verification of the details, which is not contemplated under section 147 of the Act - Appeal of the Revenue is dismissed.
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