1983 (11) TMI 156 - AT - Income Tax

Summary

The appeal by the revenue against the order of the CIT (Appeals), Rajasthan-II, Jaipur for the asst. yr. 1974-75 was dismissed by the Appellate Tribunal ITAT Jaipur. The Tribunal found that the ITO did not correctly invoke the provisions of sec. 147 of the IT Act, 1961 as reasons for reopening the assessment were not recorded, making the notice u/s 148 invalid and bad in law. The addition made by the ITO was deleted.