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Tribunal Rejects Reopening Triggered by Irrelevant Information
Case Law Details
- Case Name
- Dream Infrastructure Vs ITO (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Rajkot
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Dream Infrastructure Vs ITO (ITAT Rajkot)
AY 2013-14 Reasons Used for AY 2011-12; Wrong-Year Reasons = Wrong Jurisdiction: Only Right Year, Right Reasons – ITAT Quashes Reopening for AY 2011-12
Assessee’s case was reopened u/s 147 based on information about alleged cash payment of Rs.8,00,000 to Shri Jawahar Mori found in loose sheets seized during survey. AO issued notice u/s 148 on 26.03.2018 & completed reassessment u/s 143(3) r.w.s.147 on 27.12.2018 treating the amount as income from undisclosed sources. CIT(A) upheld reopening & sustained addition relying on alleged incons...
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