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Showing contexts for: ITD database in Ito, Ward-52(2), New Delhi vs Gaurav Khullar, New Delhi on 28 May, 2024Matching Fragments
16. From above it is evident that the case was reopened on the basis of ITS Information that the assessee has made various deposits and payments in cash amounting to Rs. 1,95,37,346/-. AO recorded that on physical verification as well as from the ITD Database, it had been gathered that the assessee has not filed the return of income for AY 2010-11. On the contrary assessee had duly filed the return of income on 15.10.2010 which was processed under section 143(1) of the Act by the CPC and the said information ought to have been available on the ITD Database available to the AO. The assessment order acknowledges filing of income tax return by the assessee. Accordingly the opening of reassessment proceedings were rightly held to be void and quashed by Learned CIT(A). In view of above material fact and well settled principle of law impugned order deserves to be upheld.