Reopening based on tangible material is valid if Assessee not filed Income Tax Return

Roop Raj Hospitality (P) Ltd Vs ITO (ITAT Delhi) Admittedly, in the present appeal, the assessee has not raised any ground on merits challenging the addition sustained by learned Commissioner (Appeals). On a query from the Bench, learned counsel appearing for the assessee submitted that assessee has accepted the addition sustained by learned Commissioner (Appeals). Thus, only issue which arises in the present appeal is relating to validity of reopening of assessment under section 147 of the Act. The main plank of assessee’s argument is, while recording reasons for reopening of assessment, th...