Validity of reopening of assessment u/s 147 - if the assessing ...

High Court affirms limited review power on Section 147 Income Tax Act assessments; assessing officer's belief is key.

August 21, 2021

Case Laws Income Tax HC

Validity of reopening of assessment u/s 147 - if the assessing officer has cause or justification to know or suppose that income has escaped assessment, it can be said that he has reason to believe that an income has escaped assessment. In such a case, the High Court would not be clothed with the jurisdiction to examine the reasons which weighed in the mind of the assessing officer to issue the notice - this is not the appropriate stage for the purpose of examining the reasons - HC

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Validity of reopening of assessment u/s 147 - if the assessing ...

High Court affirms limited review power on Section 147 Income Tax Act assessments; assessing officer's belief is key.

August 21, 2021

Case Laws Income Tax HC

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