2019 (11) TMI 1309

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....oner. Mr. Sham Walve, for the Respondents. P.C:- This Petition under Article 226 of the Constitution of India, challenges the notice dated 30th March, 2019 issued under Section 148 of the Income Tax Act, 1961 (the Act) by the Assessing Officer. The impugned notice dated 30th March, 2019 seeks to re-open the Assessment for the Assessment Year 2012-13. The regular assessment was completed u....

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....penditure of Rs. 92.66 lakhs should have been treated as capital expenditure.a 3. So far as first ground is concerned, it the contention of the Petitioner that the reasons itself indicate that the reasons to balance emanate from submissions made during regular Assessment Proceedings. Thus, there is no failure on the part of the Petitioner to make true and full disclosure of all material fact....