Objection to reassessment after silent participation in proceedings is not valid

HIGH COURT OF ALLAHABAD Commissioner of Income-tax Versus Shyam Cold Storage Income Tax Appeal No.  28 OF 2011 FEBRUARY  21, 2013 ORDER 1. The present appeal has been filed under Section 260-A of the Income-tax Act, 1962, hereinafter referred to as “the Act”, against the order dated 27th August, 2010 passed by the Income Tax Appellate Tribunal, Agra Bench, Agra in ITA No.238/Agr/2006 for the Assessment Year 2002-03. 2. The present appeal arises out of the reassessment proceeding under Section 147 of the Act. The Assessing Officer after recording reasons issued no...