Reassessment under sections 147 and 153C in issue as Gujarat HC admits appeal and frames substantial questions of law.

The article discusses the validity of reassessment proceedings under section 147 of the Income-tax Act, the choice between action under section 147 and section 153C, the reopening of assessment for assessment year 2012-13, and the addition made in assessment. The Gujarat HC admitted the appeal and framed substantial questions of law on these issues, indicating that the legality of the reopening route and the resulting addition required judicial consideration.

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Issues: Whether the validity of proceedings under section 147 of the Income-tax Act, 1961, the choice between proceedings under section 147 and section 153C, the reopening for assessment year 2012-13, and the addition made in assessment required consideration.

Outcome: Appeal admitted and substantial questions of law framed.

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