COMMISSIONER OF INCOME TAX-I LUDHIANA vs. M/S VERDHMAN TEXTILES LTD. LUDHIANA

Appeal is dismissed

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

reassessment proceedings, the reasons recorded for reopening were served upon the assessee. Vide letter dated 22.01.2010, the assessee raised objection alleging it to be a review of the earlier decision of the Assessing Officer. The second objection of the assessee was that there was no foundation for forming the belief and in the absence of such reasons, the Assessing Officer