Initiation of re-assessment proceedings u/s. 147 - information ...

Re-assessment u/s 147 needs more than a letter from CIT; AO can't reopen based on information alone.

November 10, 2018

Case Laws Income Tax AT

Initiation of re-assessment proceedings u/s. 147 - information is not synonymous to truth. Just because a letter has been received from the another CIT, the AO cannot reopen the completed assessment u/s. 143(3) of the Act.

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Initiation of re-assessment proceedings u/s. 147 - information ...

Re-assessment u/s 147 needs more than a letter from CIT; AO can't reopen based on information alone.

November 10, 2018

Case Laws Income Tax AT

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