2012 (11) TMI 342 - SCH - Income Tax

Setting aside Re-opening of Assessment - Held that - No reasons have been given by the High Court for setting aside the re-opening of assessment - In the circumstances, the impugned Order of the High Court dated 23rd December, 2011, in Writ Petition No. 1807 of 2011, is set aside and the matter is remitted to the High Court for de novo consideration in accordance with law - civil appeal filed by the assessee is, accordingly, allowed with no order as to costs

Summary

The Supreme Court allowed the civil appeal filed by the assessee as the High Court did not provide reasons for setting aside the re-opening of assessment. The matter was remitted back to the High Court for reconsideration. (2012 (11) TMI 342 - SC Order)