Sec. 148 of the Income-Tax Act, 1961 - Income escaping assessment – Revenue filed appeal against the order of ITAT in setting aside the assessment on the ground of non-provision of the reasons for re-opening assessment. Counsel appearing for the Revenue very fairly states that the issue raised by the Revenue stands concluded against the Revenue and in favour of the Respondent-Assessee by the decisions of this Court in Videsh Sanchar Nigam Ltd. (supra) as well as in CIT v. Trend Electronics [2015] 61 taxmann.com 308/379 ITR 456 (Bom.). Thus, Appeal of the revenue dismissed. SLP of the revenue also dismissed due to low tax effect. - CIT V/s NATIONAL ORGANIC CHEMICAL INDISTRIES LTD. - [2020] 272 TAXMAN 530 (SC)