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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Reopening of asseessment u/s 147 - Reason to believe - When ...

Case Laws     Income Tax

January 19, 2023

Reopening of asseessment u/s 147 - Reason to believe - When specific report has unearthed the modus operadi, the authority found it necessary to reopen the assessment and as such the proposition which has been canvassed by the learned advocate that it is borrowed satisfaction or the order passed is without application of mind are not worthy of acceptance. - petition stands dismissed. - HC

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