Reopening of assessment u/s 147 - time to initiate Revision u/s ...

CIT's Directive to Reopen Assessment u/s 147 Lacks Justification Due to Time Constraints on Section 263 Revision.

August 6, 2021

Case Laws Income Tax AT

Reopening of assessment u/s 147 - time to initiate Revision u/s 263 was not left - Reopening is made at the direction of the ld. CIT. The ld. CIT when he did not find time to invoke provision of section 263 of the act, he directed ld. AO to initiate action u/s. 147 of the Act. Therefore, we do not find any reason to uphold the reopening of the assessment. - AT

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Reopening of assessment u/s 147 - time to initiate Revision u/s ...

CIT's Directive to Reopen Assessment u/s 147 Lacks Justification Due to Time Constraints on Section 263 Revision.

August 6, 2021

Case Laws Income Tax AT

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