Reopening of assessment u/s 147 - recording of satisfaction in ...

Flawed Reopening of Assessment u/s 147: PCIT's Mechanical Approval Lacks Independent Judgment, Based on AO's Incorrect Records.

May 20, 2022

Case Laws Income Tax AT

Reopening of assessment u/s 147 - recording of satisfaction in mechanical manner - PCIT also mechanically issued permission to reopen the assessment without going into the facts available on record. Even in the Form for seeking approval, in Column 8, the AO records that no return has been filed by the assessee even though factually incorrect and the PCIT did not apply his mind while granting approval as he has simply gone by what is recorded by the AO which is factually wrong. - AT

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Reopening of assessment u/s 147 - recording of satisfaction in ...

Flawed Reopening of Assessment u/s 147: PCIT's Mechanical Approval Lacks Independent Judgment, Based on AO's Incorrect Records.

May 20, 2022

Case Laws Income Tax AT

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