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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Reopening of assessment - the "reasons recorded" by the ...


Reopening Assessment u/s 147 Invalid Due to Lack of Substantial Reason or Relevant Material.

November 14, 2015

Case Laws     Income Tax     AT

Reopening of assessment - the "reasons recorded" by the Assessing Officer for reopening the case under section 147 is bad in law as there is no reason to believe or any relevant material on the basis of which the assessee's case can be reopened. - AT

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