Reopening of assessment u/s 147 - setting off of the interest ...
Reopening Assessment u/s 147 Challenged: No Non-Disclosure Found, Figures Present in Audited Accounts.
October 4, 2021
Case Laws Income Tax HC
Reopening of assessment u/s 147 - setting off of the interest expenses under Section 57 - The figures mentioned in the reason for reopening of assessment are also found in the audited accounts of petitioner. In the reasons for reopening, there is not even a whisper as to what was not disclosed. - this is not a case where the assessment is sought to be reopened - HC
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