Reopening of assessment u/s 147 - assessee had entered into cash ...

Case Laws Income Tax

February 20, 2023

Reopening of assessment u/s 147 - assessee had entered into cash transactions exceeding Rs.10,00,000 in a month, resulting in escapement of income - the reasons recorded make it amply clear that AO has acted mechanically and without application of mind to the facts and material on record. Such lackadaisical approach for reopening of assessment u/s 147 cannot be condoned. - AT

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Reopening of assessment u/s 147 - assessee had entered into cash ...

Case Laws Income Tax

February 20, 2023

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