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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - Reopening on the basis of the ...

Case Laws     Income Tax

January 22, 2022

Reopening of assessment u/s 147 - Reopening on the basis of the audit objections - the reasons for reopening of the assessment are almost identically worded as that of audit report. In view of the foregoing, since, in the case at hand also the reopening of the assessment being at the behest of the audit party, the reopening of the assessment is misconceived, incorrect and bad in law - HC

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