TMI BlogReopening of assessment - mistake made in the audit report by mentioning the system of accounting of the...Reopening of assessment - mistake made in the audit report by mentioning the system of accounting of the Assessee as ‘mixed’ - no other ‘tangible material’ was cited to justify the reopening - Assessee has convincingly shown that he has consistently been following the mercantile system of accounting not only for AYs in question but for the earlier and later AYs as well - Notice u/s 148 set aside - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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