Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (4) TMI 1355 - AT - Income TaxReopening of assessment - AO has not applied his mind independently - Held that:- From decision of the Assessing Officer while disposing of the reasons, the report of the investigation wing is final for initiation of reassessment proceedings u/s.147 of the Act. It is evident that the Assessing Officer has not applied his mind independently to the fact of the case and in such circumstances of the case, the Assessing Officer does not acquire any jurisdiction to assess or reassess the matter in the present case. AO does not acquire jurisdiction to assess or reassess the matter in the present case and accordingly the assessment / reassessment are directed to be quashed. - Decided in favour of assessee.
|