Reopening of assessment u/s 147 - change of opinion - mechanical ...

High Court Supports Reopening Assessment Due to New Evidence and Disclosure Failures, Rejects Change of Opinion Claims.

March 2, 2024

Case Laws Income Tax HC

Reopening of assessment u/s 147 - change of opinion - mechanical satisfaction - Admission of additional income by Senior Executive of the petitioner during the search - variation in additional income admitted - The High Court upheld the justification for reopening provided by the respondents, highlighting the availability of fresh material and alleged failures by the petitioners to fully disclose material evidence. Objections regarding change of opinion and mechanical satisfaction were rejected.

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Reopening of assessment u/s 147 - change of opinion - mechanical ...

High Court Supports Reopening Assessment Due to New Evidence and Disclosure Failures, Rejects Change of Opinion Claims.

March 2, 2024

Case Laws Income Tax HC

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