Reopening of assessment - No re-assessment proceedings can be ...

Case Laws Income Tax

September 9, 2018

Reopening of assessment - No re-assessment proceedings can be opened based on the Audit objections sans application of mind. It is manifest that the AO had no ‘reason to believe’, any escapement of income to assessment. Hence, assumption of jurisdiction by the AO to invoke section 147 is unjustifiable.

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Reopening of assessment - No re-assessment proceedings can be ...

Case Laws Income Tax

September 9, 2018

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