Reopening of assessment u/s 147 - the firm to which the notice ...
Court Upholds Assessment Reopening; Firm's Successor Must Respond to Notices Despite Non-Existence u/s 147.
July 16, 2022
Case Laws Income Tax HC
Reopening of assessment u/s 147 - the firm to which the notice has been sent is no longer in existence, as it has been succeeded by a company - The mere filing of letter dated 07.12.2021 will not exonerate the petitioners from not responding to the earlier and subsequent notices issued and it is of the considered view that no infirmity is made out warranting interference in the impugned orders under Article 226 of the Constitution of India. - HC
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