Validity of Reopening of assessment u/s 147 - Existence of ...

Case Laws Income Tax

January 18, 2022

Validity of Reopening of assessment u/s 147 - Existence of reason to believe - The issue squarely falls in the realm “change of opinion”. In our view, the only reason that in the succeeding assessment years, the Assessing Officer has come to a different opinion, by itself, may not be a ground to reopen the assessment for an earlier year, wherein a view was conclusively recorded by the concerned Assessing Officer. - HC

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Validity of Reopening of assessment u/s 147 - Existence of ...

Case Laws Income Tax

January 18, 2022

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