Despite Scrutiny Assessment Reassessment Valid if Notice Issued Within Time Limit & if income escaped assessment

Express Infrastructure Private Limited Vs ITO (Delhi High Court)

Conclusion: Reopening of assessment was initiated before the lapse of four years, and there was no scope for interference with the Income Tax authorities’ reopening decision if escapement income was found. It was open for assessee to urge that the deductions claimed by assessee were perfectly in order and therefore question of adding the amounts back to the taxable income of assessee would not arise.

Held: Assessee filed a regular Return of Income under Section 139 for the As

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