M/S KAKKAR COMPLEX STEELS (P) LTDE vs. THE COMMISSIONER OF IT

Appeal is allowed and

Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA

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 and full material facts necessary for deductions.” For reference, Section