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TMI Blog2015 (11) TMI 1290X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee against the consolidated order of Commissioner of Income Tax (Appeals), Dhanbad, dated 31/03/2014 passed in the assessment years 2006-07 to 2008-09. 2. In all the years under consideration, the sole issue involved is that Commissioner of Income Tax (Appeals) was not justified in confirming the action of the Assessing Officer in initiating the proceedings under section 148 of the Act. 3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... very specific information leading to belief that income chargeable to tax had escaped assessment and proceedings under section 147 of the Income-tax Act, 1961were initiated. The appellant made no compliance initially and later submitted that returns filed earlier may be treated as returns filed in response to such notices. Thereafter, the AO duly issued notices under section 143(2) and 142(1) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which fact has been accepted by the Commissioner of Income Tax (Appeals) in his order. Relying on the decision of the Hon'ble Bombay High Court in the case of CIT vs. M/s. Trend Electronics reported in - 2015-TIOL-2393-HCMUM-IT he submitted that the Hon'ble High Court has held that when an order is passed in re-assessment proceedings in absence of reasons recorded for issuing a re-opening ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Trend Electronics (supra), the appeals of the assessee are to be allowed and the reassessment orders dated 29/12/2010 in all the years under consideration is to be quashed. We, therefore, quashed the reassessment orders, dated 29/12/2010 for all the years under appeal and allow the ground of appeals of the assessee. 7. In view of our decision on ground B of the appeal, the other grounds of appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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