TMI BlogReopening of assessment u/s 147 - as per Explanation 2 of section 147, the Assessing Officer is free to...Reopening of assessment u/s 147 - as per Explanation 2 of section 147, the Assessing Officer is free to reexamine correctness of a regular assessment and decide whether the tax assessed, rate applied, relief and allowances granted, etc., are in terms of the provisions of the Act and if not to revise the assessment in terms of section 147 of the Act. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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