In the result, appeal of the assessee is allowed
Bench: Shri Sanjay Garg & Shri Girish Agrawal
revise the assessment order passed u/s. 147/143(3) dated 03.12.2018. Assessee furnished its reply to the show cause notice stating, 4 Kaushik Industries Pvt. Ltd., AY: 2011-12 inter alia, that case of the assessee was reopened u/s. 147 only to examine the cash deposit made by the assessee in its bank account which were duly explained to the satisfaction