Reopening of the assessment u/s 147 of the Income Tax Act,


Quick Summary
This Income Tax Appellate Tribunal case concerns the reopening of an assessment for the 2011-12 financial year under Section 147 of the Income Tax Act. The Assessing Officer made additions for bank deposits and credit card payments. The Commissioner (Appeals) upheld the reopening but reduced the additions, leading to the assessee's further appeal.

Court :
ITAT Visakhapatnam

Brief :
This appeal has been preferred by the assessee against the order dated 21/09/2020 impugned herein passed by the ld.CIT(A)-1, Visakhapatnam u/sec. 250(6) of the Income Tax Act, 1961 (hereinafter referred to as "Act") for the A.Y. 2011-12.

Citation :
I.T.A. No. 210/VIZ/2020

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