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2022 (2) TMI 81 - HC - Income TaxReopening of assessment u/s 147 - Unexplained bank account with Indusind bank - HELD THAT:- As on identical reasons raised for Assessment Year 2012- 13 petitioner’s explanation has been accepted and no addition made, certainly on the same ground, we wonder how an allegation of escapement of income can be made for the subsequent Assessment Years. In our view, the reasons have been recorded without application of mind. There is another Writ Petition for Assessment Year 2014- 15, in which also the reasons recorded for escapement of income is identical to Assessment Year 2015-16 and Assessment Year 2012-13. Revenue made a valiant attempt to justify the reasons and issuance of notice, but when he was confronted with these irrefutable facts, Mr. Walve had no option but to throw in the towel. - Decided in favour of assessee.
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