Reopening of assessment u/s 147 - Addl. CIT who has given ...

Assessment Reopening Under Income Tax Act Section 147 Quashed Due to Flawed Approval by Additional Commissioner.

March 19, 2021

Case Laws Income Tax AT

Reopening of assessment u/s 147 - Addl. CIT who has given approval for such reopening has simply mentioned that “ yes, I am satisfied that this is a fit case for issue notice of u/s 148 of I.T. Act”. A perusal of the approval given by the Addl. CIT shows that he has not applied his mind properly and has in a mechanical manner given his approval - Reassessment proceedings initiated by the AO are not as per law and has to be quashed. - AT

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Reopening of assessment u/s 147 - Addl. CIT who has given ...

Assessment Reopening Under Income Tax Act Section 147 Quashed Due to Flawed Approval by Additional Commissioner.

March 19, 2021

Case Laws Income Tax AT

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