Validity of reopening of assessment u/s 147 - Mandation of ...

Reopening Income Tax Assessment Requires Mandatory Sanction from Joint Commissioner per Section 147 of Income Tax Act.

July 16, 2022

Case Laws Income Tax AT

Validity of reopening of assessment u/s 147 - Mandation of obtaining sanction of JCIT - addition made u/s 68 - It is a well settled legal principle that when a statutory provision requires a certain act to be done by a particular authority in a particular manner, it should be done by that authority in that manner only. Any other authority, be it higher or inferior, cannot substitute the authority prescribed under the statute. The legal principle on this aspect is very much clear and leaves no room for doubt. - AT

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Validity of reopening of assessment u/s 147 - Mandation of ...

Reopening Income Tax Assessment Requires Mandatory Sanction from Joint Commissioner per Section 147 of Income Tax Act.

July 16, 2022

Case Laws Income Tax AT

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