Validity of Reopening for involvement in accommodation entry?

CIT Vs. Pardesi Developers & Infrastructure Pvt. Ltd., W.P.(C) 5536/2012, Judgment delivered on: 16.01.2013, High Court of Delhi Whether issue of notice u/s 148 for reopening of assessment u/s 147 on the reason that assessee company is involved in accommodation entry in valid ? We find it difficult to believe the plea taken in the purported reasons that the said information was “neither available with the department nor did the assessee disclose the same at the time of assessment proceedings”. From the aforesaid facts it is clear that the information was available with the department a...