Validity of Reopening of assessment u/s 147 - Valid approval u/s ...

High Court Quashes Tax Notice: Improper Approval u/ss 147 and 151 Invalidates Reassessment Notice Issued by PCIT.

August 10, 2023

Case Laws Income Tax HC

Validity of Reopening of assessment u/s 147 - Valid approval u/s 151 or not? - If only PCIT had read the report carefully, he would have never come to the conclusion that there is any material before him to treat it as a fit case to issue notice u/s 148 or pass order u/s 148A(d) - The safeguards provided in Sections 148 and 151 were lightly treated by CIT and PCIT - Both of them appear to have taken the duty imposed on them under these provisions as of little importance. - Notice quashed - HC

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Validity of Reopening of assessment u/s 147 - Valid approval u/s ...

High Court Quashes Tax Notice: Improper Approval u/ss 147 and 151 Invalidates Reassessment Notice Issued by PCIT.

August 10, 2023

Case Laws Income Tax HC

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