2019 (2) TMI 529

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.... Respondents : Mr. Sham Walve ORDER P.C: Petitioner has challenged a notice of reopening of an Assessment dated 26th March, 2018, is annexure 'A' to the Petition. This challenge, arising in the following background: (a) Petitioner is a company registered under the Companies Act. For the Assessment Year 2011-12, Petitioner had filed return of income, which was taken in scrutiny by the ....

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....efore, have reason to believe that book profit of Rs. 385.45 lakhs under the MAT provisions of the section 115JB of assessee in F. Y. 2010-11 has escaped assessment within the meaning of section 147. Based on the above reasons, I consider that this is a fit case for reopening of the assessment u/s. 147. Therefore, approval of the Pr. Commissioner of Income Tax1, Kolhapur is sought in this case a....

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....ts, therefore, would have to be satisfied. In the present case, the reasons recorded by the Assessing Officer would clearly establish that, these requirement is not satisfied. In the reasons itself, the Assessing Officer has referred to perusal of the case recorded for the Assessment Year in question from which, he could see that certain error in the assessment has crept in. He refers to the simil....