M/S KAKKAR COMPLEX STEELS (P) LTDE vs. THE COMMISSIONER OF IT
Appeal is allowed and
ITA/312/2005HC Punjab & Haryana09 Jan 2023
Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
Section 139Section 142Section 143Section 147Section 148Section 154Section 260ASection 80BSection 80H
119 ITR 996 (SC) and Duli Chand Singhania Vs. ACIT,
(2004) 269 ITR 192 (P&H), on the proposition that power under Section
147 of the Act for reopening of the assessment order can only be exercised,
where the allegations are that the deductions were wrongly allowed on
account of the fact that the “assessee had failed to disclose true
