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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Reopening of assessment u/s 147 - AO has proceeded to reopen the ...

Income Tax

November 12, 2020

Reopening of assessment u/s 147 - AO has proceeded to reopen the assessment on the basis of wrong appreciation of facts by mentioning that the assessment is proposed to be made for the first time whereas the facts stood otherwise - Approval has been given in a mechanical manner without appreciating the facts properly and there is complete non-application of mind by the superior authorities. - reassessment proceedings have to be quashed - AT

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