Reopening of assessment u/s 147 - AO has made addition on the ...

Reopening of Assessment u/s 147 Invalidated as AO Relied on Borrowed Satisfaction Without Independent Analysis.

September 11, 2022

Case Laws Income Tax AT

Reopening of assessment u/s 147 - AO has made addition on the basis of the borrowed satisfaction. He has not applied his mind and in our opinion, he ought to have done independent home work but in the present case no such exercise was done by the learned AO for the reason best known to him. Therefore, in our considered opinion, in such case, addition cannot be made. - AT

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Reopening of assessment u/s 147 - AO has made addition on the ...

Reopening of Assessment u/s 147 Invalidated as AO Relied on Borrowed Satisfaction Without Independent Analysis.

September 11, 2022

Case Laws Income Tax AT

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