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Income Tax - Highlights / Catch Notes

Home Highlights August 2021 Year 2021 This

Reopening of assessment u/s 147 - It is trite that there has to ...

Income Tax

August 13, 2021

Reopening of assessment u/s 147 - It is trite that there has to be an opinion first only then there can be issue of change of opinion. Moreover it is also settled law that at the time of notice escapement need not be proved to the hilt. We agree with Ld.CIT(A) that AO had valid reason for reopening. - AT

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