Reopening of proceedings u/s 147 sustainable as original return processed u/s 143(1)

Sahara India Power Corporation Limited Vs ACIT (ITAT Delhi) ITAT Delhi held that as the original return was only processed u/s 143(1), AO can duly initiate re-opening of proceedings under section 147 of the Income Tax Act so as to bring the escaped income into tax. Facts- The facts of the issue are that the assessee has challenged the proceedings under Section 147 of the Income Tax Act on various legal grounds, particularly the issue of notice under Section 148 even when the time limit for the proceedings under Section 143(3) of the IT Act had not expired. In this regard, the submission of the...