Tag Archive: reopening an assessment

Consequences when the Assessing Officer was not specific as to on what basis the Assessing Officer has the reason to believe that the income of the assessee has escaped assessment. Answer was given in the case of DUGGAL ESTATES PVT. LTD. & ANR. vs. ITO ITAT DELHI, May 24, 2021, Section 147, 148 AY 2009-10. https://www.bpmundraca.com/it-cases-241-2021/

Consequences when the Assessing Officer was not specific as to on what basis the Assessing Officer has the reason to believe that the income of the assessee has escaped assessment. Answer was given in the case of DUGGAL ESTATES PVT….
Read more

147, 148, Assessment is Null and void, AY 2009-10, Delhi Tribunal, Disposal of objection, In Favour of Assessee, Reason recorded, Speaking order

ITAT Bangalore on Mar 13, 2020 hold that For reopening an assessment, the Assessing ‎Officer cannot consider the information which is already on record and it should be from ‎outside sources.

ITAT Bangalore on Mar 13, 2020 hold that For reopening an assessment, the Assessing Officer cannot consider the information which is already on record and it should be from outside sources AKSHAYA SOUHARDA CREDIT COOPERATVIE LIMITED vs. INCOME TAX OFFICER…
Read more

147, 148, 80P(2)(a)(i), Bangalore Tribunal