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Re-appreciation of seized material in subsequent proceedings by the AO is unjustified
Case Law Details
- Case Name
- ACIT Vs Kalyani Chaturvedi (ITAT Agra)
- Appeal Number
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- Date of Judgement/Order
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CA Prarthana Jalan
Hon’ble ITAT Agra in the case of ACIT V/s. Kalyani Chaturvedi held that Re-appreciation of seized material in subsequent proceedings by the AO is unjustified and quashed the Re-assessment Order. Hon’ble ITAT has held as under-
All facts were all along were within the knowledge of the AO at original assessment stage, therefore, reappreciation of evidence at subsequent re-assessment proceedings is not permitted on mere change of opinion by subsequent AO. The re-assessment proceedings have been initiated again on similar issue and totally on identical facts regardin...
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