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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Reopening of assessment u/s 147 - validity of reason to believe ...

Case Laws     Income Tax

November 19, 2019

Reopening of assessment u/s 147 - validity of reason to believe - ‘borrowed satisfaction’ of the DDIT (Inv.) - The repetition of certain portions of the investigation report of DDIT without any reasons independently recorded by the AO on the basis of ‘borrowed satisfaction’ of the DDIT (Inv.) cannot be the basis for reopening of assessment u/s. 147 of the Act.

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