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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - undisclosed revenue receipt - ...


Assessment Reopening u/s 147 Deemed Erroneous; Jurisdiction Improperly Invoked by Assessing Officer, Addition Unsustainable.

July 24, 2023

Case Laws     Income Tax     AT

Reopening of assessment u/s 147 - undisclosed revenue receipt - Ld. AO had fallen in error in invoking the jurisdiction u/s 147/148 of the Act and otherwise the addition is not sustainable too in the relevant AY. - AT

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