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Facts
The assessee's case was reopened by issuing notices under sections 147 and 148 of the Income Tax Act for the assessment year 2021-22. The Assessing Officer had reasons to believe that income chargeable to tax had escaped assessment.
Held
The Tribunal has considered the issue of reopening of assessment. The case is being sent back to the Assessing Officer to decide the validity of the reassessment proceedings. This implies that the grounds raised by the assessee regarding the reopening are to be examined further.
Key Issues
Validity of reopening of assessment under sections 147 and 148 of the Income Tax Act. The specific reasons for belief of escaped income require further examination.
Sections Cited
147, 148, 143(3)
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ORDER
PER VIKAS AWASTHY, JM:
This appeal by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [in short ‘the CIT(A)’] dated 30.10.2023, for Assessment Year 2021-22.
Shri Om Prakash, representing the department submits that this is a duplicate appeal. The original appeal was filed by the Department in that is now fixed for hearing before ‘A’ Bench on 05.03.2026. Inadvertently, a duplicate appeal against the same order of CIT(A) has been filed, the Department is now seeking to withdraw the same.
In view of the aforesaid application by the Department, appeal of the Revenue is dismissed as withdrawn.