Reopening of assessment without bringing any fresh material on record is not justified

Chordia Buildcon Pvt. Ltd. Vs DCIT (ITAT Jaipur) The issue under consideration is whether the action taken by the AO u/s 147 r.w.s 148 is justified in law? The case of assessee was originally selected for scrutiny and a detailed questionnarie was issued alongwith notice u/s 142(1). The AO asked specific queries with regard to subject compensation debited in P&L Account. After considering the reply of the assessee, no disallowance of compensation was made and revenue expenditure was allowed by the AO in the original assessment proceedings completed u/s 143(3). Thereafter, after lapse of fou...