Reopening of assessment u/s 147 - details available in the books ...

Reopening of assessment u/s 147 justified despite available details; original return processed without scrutiny.

February 19, 2021

Case Laws Income Tax HC

Reopening of assessment u/s 147 - details available in the books of account for balance sheet or profit or loss account cannot absolve the assessee from his disclosure obligation under Section 147 of the Act as in the instant case, without any scrutiny, the original return was process under Section 143(1) of the Act. - It cannot be said that there was no material before the AO to reopen the assessment - HC

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Reopening of assessment u/s 147 - details available in the books ...

Reopening of assessment u/s 147 justified despite available details; original return processed without scrutiny.

February 19, 2021

Case Laws Income Tax HC

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