Case Law Details
Case Name : Deputy C. I .T. V/s. M/s City Financial Consumer Finance India Ltd. (ITAT Delhi)
Related Assessment Year : 2002- 03
Courts :
All ITAT ITAT Delhi
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The AO reopened the assessment completed on 25.2.2005 u/s 143(3) of the Act merely on the basis of facts already available before him at the time of original assessment proceedings. Not even a whisper is evident from the reasons recorded or the facts narrated in the impugned orders as to whether or not there was any failure on the part of the assessee in disclosing fully and truly all material facts necessary for his assessment.The reasons do not indicate why and how the assessee failed to make full and true disclosure of material facts in relatio
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ITAT Delhi Benches would do well to refrain Revenue from such initiations to avoid overloading of Appellate work in such similar matters, though resorted to by the Department, more as/in routine