Case Law Details
Madan Mohan Tiwari Vs ITO (ITAT Delhi)
Once information received by AO were shown in objections as incorrect, entire jurisdiction on such reasons cease to exist and thus reopening should be dropped. Such non application of mind therefore at recording reasons as well as disposal of objections invalidate entire reopening.
FULL TEXT OF THE ORDER OF ITAT DELHI
The present appeal has been preferred by the assessee against the order dated 08.10.2018 of the Ld. Commissioner of Income Tax (Appeals)-31, New Delhi, (hereinafter referred to ‘CIT(A)’) for the Assessment Year 2008-09. The assessee has raised following grounds of appeal:-
“1. Challenge to assessment u/s. 147 of I.T. Act 1961 — Tax Effect- Rs,37,08,964/-
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