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Income Tax - Highlights / Catch Notes

Home Highlights February 2021 Year 2021 This

Validity of reopening of assessment - unexplained bank deposits ...


Invalid Reopening of Assessment on Unexplained Bank Deposits Due to Incorrect Reasons by Assessing Officer.

February 19, 2021

Case Laws     Income Tax     AT

Validity of reopening of assessment - unexplained bank deposits - A.O. has recorded incorrect, wrong and non-existing reasons in the reasons recorded for reopening of the assessment reproduced above and have also did not apply his mind to the information received from REIC - reopening of the assessment is illegal and bad in Law and liable to be quashed - AT

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