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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Reopening of assessment u/s 147 - In case incorrect, wrong and ...

Case Laws     Income Tax

December 10, 2020

Reopening of assessment u/s 147 - In case incorrect, wrong and non-existing reasons are recorded by the A.O. for reopening of the assessment and A.O. failed to verify the information received due to non application of mind to information, reopening of the assessment would be unjustified and is liable to be quashed. - Reopening of the assessment is illegal and bad in Law and is liable to be quashed. - AT

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