Reopening of assessment on the basis of investigation report is valid

HIGH COURT OF DELHI Pratibha Finvest (P.) Ltd. versus Income-tax Officer W.P. (C) No. 7538 OF 2012 IT APPEAL NO. 307 OF 2012 DECEMBER 5, 2012 ORDER S. Ravindra Bhat, J. The assessee is aggrieved by an order of the Income Tax Appellate Tribunal (ITAT) dated 10.01.2011; it seeks to appeal under Section 260A of the Income Tax Act. The question of law sought to be urged in the said appeal is: “Whether the Tribunal fell into error in upholding the addition of Rs. 1,10,896/- as income earned by way of commission for providing accommodation entries?” 2. In the writ petit...