Reopening by Reappraisal of Material Available on record During Original Assessment Proceedings is invalid

Advocate Akhilesh Kumar Sah Re–Appreciation / Reappraisal Of The Material Available On Record During The Original Assessment Proceedings: Reopening Of Assessment By Forming Of Opinion That Income Has Escaped Assessment By AO, Not Allowable: Mahindra Lifespace Developers Appeals Very recently in Mahindra Lifespace Developers Ltd. vs. ACIT [ITA no.1167/Mum/2013 A.Y.2007-08 and ITA no.1171/Mum/2013 A.Y. 2006-07, decided on 31.05.2018], appeals by the assessee were against orders dated 27.11.2012, passed by the CIT(A) for the A.Y.s 2006–07 and 2007–08. The first common ground in both the ...