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Reopening of assessment u/s 147 - doubtful transactions of ...


Assessment Reopening u/s 147 Challenged Due to Unaddressed Objections on Foreign Remittance; Reconsideration Ordered.

May 6, 2022

Case Laws     Income Tax     HC

Reopening of assessment u/s 147 - doubtful transactions of foreign remittances - The writ applicant in its own way has tried to explain while putting forward its objections, however, we do not find any meaningful discussion in the order disposing of the objections. In fact, none of the objections raised by the writ applicant could be said to have been taken into consideration by the Assessing Officer in a meaningful manner. - Matter restored before the AO - HC

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