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1 - 10 of 13 (0.22 seconds)Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 92C in The Income Tax Act, 1961 [Entire Act]
Section 144C in The Income Tax Act, 1961 [Entire Act]
Section 80HH in The Income Tax Act, 1961 [Entire Act]
Ranbaxy Laboratories Ltd. vs Addl. Commissioner Of Income Tax, Range ... on 22 January, 2008
10. It is thus seen that no addition having been made on the basis of the
reasons recorded by the AO for reopening the completed assessment and the
remaining additions being not part of the said reasons to believe recorded by
the AO, in keeping in "Ranbaxy Laboratories Ltd. v. CIT"(supra) and
11 ITA Nos. 5161&5162(Del)2011
"Ayudink Niryat Ltd."(supra), reopening of the completed assessment in the
present case is bad in law. There is, as such, no merit in the stand taken by
the Department that once the completed assessment stood reopened, the
entire matter was open before the AO and the AO was competent to make
the additions. In view of the above, ground Nos. 1 to 3 raised by the
assessee are accepted and the reassessment proceedings including the
reassessment order are cancelled.