Validity of reopening assessment u/s 147 - the reopening of ...

Assessment Reopening u/s 147 Invalid Due to Irrelevant Facts and Suspicion; Subsequent Actions Nullified.

September 29, 2022

Case Laws Income Tax AT

Validity of reopening assessment u/s 147 - the reopening of assessment made by the AO on irrelevant facts and on a mere reason to suspect cannot survive. We hold that the reopening of assessment for the impugned assessment year is invalid. Hence, the subsequent action taken by the Assessing Officer in pursuance thereof resulting in the impugned assessment order is also invalid. - AT

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Validity of reopening assessment u/s 147 - the reopening of ...

Assessment Reopening u/s 147 Invalid Due to Irrelevant Facts and Suspicion; Subsequent Actions Nullified.

September 29, 2022

Case Laws Income Tax AT

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