Reopening of assessment u/s 147 - Bypassing the option to ...

Case Laws Income Tax

June 2, 2023

Reopening of assessment u/s 147 - Bypassing the option to initiate scrutiny assessment u/s 143(3) - The assessment proceedings would cease to be pending either by passing of an order under Section 143(3) of the Act or by expiry of time to issue a notice under Section 143(2) of the Act, to complete an assessment under Section 143(3) of the Act. So long as the above event has not passed, the Assessing Officer cannot render the provision of Section 143(2) of the Act redundant/otiose by issuing a notice for reopening an assessment under Section 147/148 - AT

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Reopening of assessment u/s 147 - Bypassing the option to ...

Case Laws Income Tax

June 2, 2023

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