Vijay Kumar Aggarwal, New Delhi vs Ito, New Delhi on 21 December, 2020
income has escaped and that further action be taken was
held to be invalid and reassessment proceedings were set
aside." Similarly, he has relied upon Judgment of Hon'ble
Punjab & Haryana High Court in the case of Smt. Anchi
Devi C/o. M/s. Vikas WSP vs., CIT 2008-(3)-TMI-49-P&H
(HC) on the same proposition. He has, therefore, submitted
that there was no justification to initiate the reassessment
proceedings merely on the basis of same material found
during the course of search.