Reassessment u/s 147 - AO simply taking note of the DIT(Inv.) ...

Reassessment Invalid: AO Relied Solely on Director's Letter, Lacked Independent Judgment Under Income Tax Act Section 147.

May 7, 2019

Case Laws Income Tax AT

Reassessment u/s 147 - AO simply taking note of the DIT(Inv.) letter has borrowed the satisfaction without independent application of mind to form reason warrant holding a belief that income chargeable to tax has escaped assessment - no reasonable enquiry and materials - cannot reopen the assessment even if original assessment was u/s 143(1)

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Reassessment u/s 147 - AO simply taking note of the DIT(Inv.) ...

Reassessment Invalid: AO Relied Solely on Director's Letter, Lacked Independent Judgment Under Income Tax Act Section 147.

May 7, 2019

Case Laws Income Tax AT

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