Reopening of assessment u/s 147 after 4 years - Validity of ...

Reopening of assessment after four years upheld; sanction for notice issuance u/s 151 confirmed as valid.

January 2, 2024

Case Laws Income Tax AT

Reopening of assessment u/s 147 after 4 years - Validity of Sanction for issue of notice u/s 151 - respectfully following the aforesaid decision provisions of section 151, as it stood during the assessment year 2017-18, i.e. the year in which reasons were recorded by the AO for reopening the assessment and notice u/s 148 was issued, will be applicable and thus, we find no infirmity in the sanction granted by PCIT u/s 151 in the present case. - AT

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Reopening of assessment u/s 147 after 4 years - Validity of ...

Reopening of assessment after four years upheld; sanction for notice issuance u/s 151 confirmed as valid.

January 2, 2024

Case Laws Income Tax AT

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