Reopening of assessment u/s 147 - reasons to believe - “tangible ...

High Court Rules Reopening of Assessment for 2017-18 u/s 147 Invalid Due to Lack of Evidence and Jurisdiction.

May 18, 2022

Case Laws Income Tax HC

Reopening of assessment u/s 147 - reasons to believe - “tangible material” - There is no whisper in the impugned reassessment order as to how the AO has arrived at the aforesaid amount as undisclosed income and that how the aforesaid amount represents undisclosed income of the petitioner/assessee. Thus the reassessment proceeding initiated by the AO against the petitioner for the AY 2017-18 was not only without jurisdiction but also it was abuse of power - HC

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Reopening of assessment u/s 147 - reasons to believe - “tangible ...

High Court Rules Reopening of Assessment for 2017-18 u/s 147 Invalid Due to Lack of Evidence and Jurisdiction.

May 18, 2022

Case Laws Income Tax HC

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