Validity of Reassessment proceedings - reason to believe ...

Reassessment Unjustified: Court Rules Change of Opinion Invalid for Reopening Tax Assessment.

May 7, 2024

Case Laws Income Tax HC

Validity of Reassessment proceedings - reason to believe escapement of income - The High Court agreed with the petitioner's contention that the reasons provided by the Assessing Officer indicated a clear case of change of opinion. The expenses in question had been considered and allowed during the assessment proceedings, and reopening the assessment based on the same grounds was unjustified.

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Validity of Reassessment proceedings - reason to believe ...

Reassessment Unjustified: Court Rules Change of Opinion Invalid for Reopening Tax Assessment.

May 7, 2024

Case Laws Income Tax HC

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