Reopening of Assessment u/s 147 - change of opinion - By change ...

Reassessment u/s 147 Cannot Be Based Solely on Change of Opinion, Court Rules on Tax Deductions.

December 19, 2022

Case Laws Income Tax HC

Reopening of Assessment u/s 147 - change of opinion - By change of opinion holding that reduction towards reversal on account of cancellation and price revision and deducting the same from the profit and loss account was irregular thereby having reason to believe that taxable income had escaped assessment, the concluded assessment could not have been reopened. - HC

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Reopening of Assessment u/s 147 - change of opinion - By change ...

Reassessment u/s 147 Cannot Be Based Solely on Change of Opinion, Court Rules on Tax Deductions.

December 19, 2022

Case Laws Income Tax HC

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