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2017 (11) TMI 1560 - ITAT DELHIReopening of assessment - reason to believe - Held that:- Assessing Officer is not justified in reopening the matter without bringing on record, any fresh tangible material or information more particularly when this aspect was considered by him at the time of assessment under section 143(3) of the Act. Even on merits also, disallowance of the prior period expenses is bad when the prior period income was assessed to tax and no deduction was claimed or allowed at the time when the provision was made. With this view of the matter, we delete the addition. Appeal of the assessee is allowed.
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