Validity of reopening of assessment u/s 147 - under-reporting of ...

Case Laws Income Tax

March 19, 2021

Validity of reopening of assessment u/s 147 - under-reporting of capital gains - where the relevant facts have been overlooked and has not taken cognizance of, resulting in escapement of chargeable income, such omission would not constitute ‘change of opinion’. In the absence of any other contention, we do not see any merit in the plea of assessee towards wrongful usurpation of jurisdiction u/s 147 - AT

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Validity of reopening of assessment u/s 147 - under-reporting of ...

Case Laws Income Tax

March 19, 2021

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