Reassessment initiated on the basis of materials which were available during original assessment not valid

ITAT DELHI BENCH ‘G’ Sohna Forge (P.) Ltd. versus Joint Commissioner of Income-tax(OSD) IT APPEAL NO. 4956 (DELHI) OF 2012 [ASSESSMENT YEAR 2004-05] DECEMBER 14, 2012 ORDER A.N. Pahuja, Accountant Member This appeal filed on 19.09.2012 by the assessee against an order dated 05.06.2012 of the ld. CIT(A)-XII, New Delhi, raises the following grounds:- 1. That the Ld. CIT(A) was not justified in confirming the action of Ld. A.O. in reopening the case u/s 148 on the ground that depreciation has been claimed by the assessee without there being any business, commercial a...