Reopening of Assessment Upheld Due to Form 26AS Showing Undisclosed Contract Income

Ghanshyam Infrastructure Private Limited Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal adjudicated an appeal concerning Assessment Year 2010–11 arising from an order of the Commissioner of Income Tax (Appeals). The appeal was delayed by 176 days, which was condoned after the assessee demonstrated that the delay occurred due to lack of communication from its consultant regarding the appellate order. On merits, the case involved reopening of assessment under Section 147 based on information from Form 26AS showing contractual receipts of ₹4.37 crore on which tax was deducted, des...