Reopening of assessment u/s 147 - validity of second show cause ...

Supreme Court: High Court Mistakenly Focused on Second Notice Reasons for Reopening 2008-09 Assessment u/s 147.

November 30, 2022

Case Laws Income Tax SC

Reopening of assessment u/s 147 - validity of second show cause notice - The subsequent issuance of the notice cannot be said to be dropping the earlier show cause notice as observed and held by the High Court. The reasons to reopen the assessment for the A.Y. 2008-09 were already furnished after the first show cause notice which ought to have been considered by the High Court. However, the High Court has considered the reasons recorded after the second show cause notice which was not required to be considered at all. - SC

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Reopening of assessment u/s 147 - validity of second show cause ...

Supreme Court: High Court Mistakenly Focused on Second Notice Reasons for Reopening 2008-09 Assessment u/s 147.

November 30, 2022

Case Laws Income Tax SC

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