Validity of reopening of assessment - borrowed satisfaction or ...

Assessment Reopening Valid Due to Untraceable Parties and Tangible Material Supporting Assessing Officer's Decision.

January 11, 2024

Case Laws Income Tax AT

Validity of reopening of assessment - borrowed satisfaction or not - even during the course of assessment proceedings, these parties were untraceable in the enquiry conducted u/s. 133(6) and assessee also could not produce these parties, thus it cannot be held that reasons were not based on any tangible material. Therefore, it cannot be held that reasons recorded by the ld. AO is merely a borrowed satisfaction. - Reopening proceedings are valid - AT

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Validity of reopening of assessment - borrowed satisfaction or ...

Assessment Reopening Valid Due to Untraceable Parties and Tangible Material Supporting Assessing Officer's Decision.

January 11, 2024

Case Laws Income Tax AT

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