TaxTMI 
TaxTMI 
2022 (7) TMI 1546
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....AK For the Appellant: Mr. Om Narayan Rai, Adv. For the Respondent : None The Court : This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 (the 'Act' for brevity) is directed against the order dated 8th June, 2016 passed by the Income Tax Appellate Tribunal, B" Bench, Kolkata in ITA No.909/Kol/2013 for the assessment years 2005-06. The revenue has raised the following....
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....ment under Section 143(3)/147 of Income Tax Act, 1961 nor the details of such expenses has been filed by the assessee since the reason for issuing initial Notice under Section 148 of the Income Tax Act, 1961 was for no filing of return under Section 139 of Income Tax Act, 1961? We have heard Mr. Om Narayan Rai, learned standing counsel for the appellant/revenue. The short question which falls f....
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....the reopening of the assessment has to be held not sustainable. The tribunal after considering the facts which were placed before it has recorded a finding that the assessing officer does not spell out that escapement of income was due to the assessee not fully and truly disclosing all material facts necessary for completion of the assessment. However, on perusal of the reasons mentioned by the as....