Court held that where Income-tax Officer had not been authorized to exercise his powers under S. 131(1A), reports submitted by him could not have formed valid basis for re-opening assessment. ( AY.2009 -10)
Sky View Consultants ( P) Ltd v. ITO ( 2017) 397 ITR 673/ 86 taxmann.com 87 /( 2018) 169 DTR 157/ 304 CTR 827( Delhi) (HC) Editorial: SLP of revenue is dismissed , ITO v. Sky view consultants. (2018) 257 Taxman 250 (SC)
S. 131 : Power – Discovery – Production of evidence -Reports submitted by the Income tax Officer who is not authorised to exercise the power cannot be the basis for reopening of assessment .[ S.131(IA), 147, 148 ]