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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - AO has acted only on the basis ...

Case Laws     Income Tax

May 8, 2023

Reopening of assessment u/s 147 - AO has acted only on the basis of information received from Investigation Wing without any exercise it has own level and only on the basis of borrowed satisfaction, he initiated the reopening of assessment u/s 147 and issued notice u/s 148 of the Act, which are invalid being bad in law and liable to be quashed. - AT

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