The Tax Publishers2012 TaxPub(DT) 0676 (Bom-HC) : (2012) 044 (I) ITCL 0261 : (2012) 340 ITR 0066

INCOME TAX ACT, 1961

--Reassessment--ValidityNon-furnishing of reasons for reopening--Question for consideration of court was whether Tribunal was justified in cancelling reopening of assessment. Tribunal recorded finding of fact that reasons recorded for opening assessment though repeatedly asked by assessee were furnished only after completion of assessment. Held: As held by Tribunal though opening of assessment was within three years from end of relevant assessment year, since reasons recorded for reopening of assessment were not furnished to assessee till completion of assessment, assessment order could not be upheld. In view of the matter appeal was dismissed.

SUBSCRIBE TaxPublishers.inSUBSCRIBE FOR FULL CONTENT

TaxPublishers.in

'Kedarnath', 7, Avadh Vihar, Near Nirali Dhani,

Chopasni Road

Jodhpur - 342 008 (Rajasthan) INDIA

Phones : 9785602619 (11 am - 5 pm)

E-Mail : mail@taxpublishers.in / mail.taxpublishers@gmail.com