PRINCIPAL COMMISSIONER OF INCOME TAX 2 KOLKATA vs. PHILIPS INDIA LTD

Accordingly, the appeal fails and is dismissed

Bench: : The Hon’Ble Chief Justice T.S Sivagnanam

reassessment under section 147 of the Act was put to challenge. The learned Tribunal carefully examined the factual position more particularly the reasons that have been recorded by the assessing officer for reopening the assessment. The reasons have been culled out in the assessment order dated 27.12.2017 passed under section 147 read with section 144 read with sections 254