Reopening of assessment u/s 147 - reason to believe - ...

High Court Rules Change of Opinion Insufficient for Reopening Tax Assessment u/s 147, Clarifies Deduction Year.

August 29, 2023

Case Laws Income Tax HC

Reopening of assessment u/s 147 - reason to believe - commencement date / year for deduction u/s 80IA - Eligible from 1995 or 2000 - scope of change of opinion - We agree with that this is nothing but a case of change of opinion by the A.O. from that held earlier during the course of assessment proceedings and this change of opinion does not constitute justification and/or reasons to believe that income chargeable to tax has escaped assessment. - HC

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Reopening of assessment u/s 147 - reason to believe - ...

High Court Rules Change of Opinion Insufficient for Reopening Tax Assessment u/s 147, Clarifies Deduction Year.

August 29, 2023

Case Laws Income Tax HC

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