Addition of income which has escaped assessment sustained even if not specifically mentioned in re-opening order

DCIT Vs Toor Finanace Company Limited (Guwahati High Court)

Guwahati High Court held that AO can make addition of any other income which has escaped assessment but discovered during re-opening process even if the same is not specifically mentioned in re-opening order.

Facts- The respondent assessee filed its return of income on 27.012.2010 declaring a total income of Rs.57,652/-. The said return was processed u/s. 143(1) of the Income Tax Act, 1961 and the AO re-opened the assessment u/s. 148 of the Income Tax Act while disclosing the reasons for re-opening

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