Reassessment on ground of treatment of cenvat credit in closing stock not valid if assessee furnishes full details

HIGH COURT OF GUJARAT Asian Silk Mills versus Deputy Commissioner of Income-tax SPECIAL CIVIL APPLICATION NO. 18224 OF 2011 OCTOBER 29, 2012 JUDGMENT N.V. Anjaria, J. The petitioner, by presenting this petition under Article 226 of the Constitution, challenged notice dated 30.03.2011 issued by the respondent herein under section 148 of the Income Tax Act, 1961, seeking to reopen the assessment in petitioner’s case. It was also prayed to quash the decision reflected in communication dated 24.11.11, whereby the Assessing Officer rejected petitioner’s objections to re...