Assessment reopened merely based on details already on record is invalid

Advocate Akhilesh Kumar Sah DCIT Vs Yamaha Motor India Sales Pvt. Ltd. (ITAT Delhi) Controversy is continuing in different matters relating to re-opening of the assessment. Recently, in DCIT vs. Yamaha Motor India Sales Pvt. Ltd. & vice-versa [ITA No. 992/DEL/2014 and ITA No. 1095/DEL/2014, A.Y. 2006-07, decided on 22.10.2018], in the above case two cross appeals by the assessee and Revenue were preferred against the very same order dated 06.01.2014 framed under section 143(3) read with section 144C(4) of the Income-tax Act, 1961 [hereinafter referred to as ‘the Act’] pertain...