ITAT held that the reopening of assessments under Section 148...

ITAT held that the reopening of assessments under Section 148 was valid. The CIT had applied his mind during approval under Section 151, being fully aware of case facts from prior proceedings under Section 264. The earlier assessments under Section 153C were annulled, rendering previous findings irrelevant. Consequential reassessment proceedings were not time-barred but addressed void proceedings. The administrative revision differed from appellate review, and the approval was not mechanical. The tribunal distinguished prior case laws and affirmed the legitimacy of initiating remedial assessment proceedings consistent with legal principles.

View Source

Login to TaxTMI

Username/Email Address

Password

Remember Me (auto-login)

By checking this you will be auto logged in, if required, for next 3 days (unless manually logged out)

Log In

Forgot Password ?

ITAT held that the reopening of assessments under Section 148...

The Email Id has not been verified. Click on the link we have sent on

Go Back Done

Didn't receive the mail? Resend Mail

Don't have an account? Register Here