Validity of reopening of assessment - change of opinion - AO was ...

Reopening of Assessment Invalid: Change of Opinion Without New Evidence; CIT(A) Quashes Notice u/s 143(3) Decision.

April 14, 2020

Case Laws Income Tax AT

Validity of reopening of assessment - change of opinion - AO was explained during the course of original assessment vide letter dated 11.12.2012 to show that such loss is not speculative in nature. - similar claim of the assessee was duly accepted in proceedings u/s 143(3) for other assessment year - DR could not show us any tangible material - CIT(A) rightly quashed the notice.

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Validity of reopening of assessment - change of opinion - AO was ...

Reopening of Assessment Invalid: Change of Opinion Without New Evidence; CIT(A) Quashes Notice u/s 143(3) Decision.

April 14, 2020

Case Laws Income Tax AT

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