The relevant accounting years ended on 31 3 1974 and 31 3 1975 respectively.
The Tribunal after companysidering all aspects of the cases remanded the cases back to the Income Tax Officer for passing a fresh order in accordance with law.
Originally the assessment was companypleted on 21 6 1977.
These cases relate to Assessment Years 1974 75 and 1975 76.
This view was also taken by the High Court.
It was pointed out that reopening has been done on the basis of the report made by the Audit Department.
There were various other proceedings which ended in the Tribunal.
One of the points raised before the Income Tax Officer was that of justification for reopening of the assessment.
