AO Barred from Reopening Assessment on an Issue Already Subject to Appeal: Bombay HC

Shanmukhananda Fine Arts And Sangeetha Sabha Vs Deputy Director of Income Tax (Exemptions) 1(2) and Ors (Bombay High Court) The Bombay High Court, in the case of Shanmukhananda Fine Arts And Sangeetha Sabha vs Deputy Director of Income Tax (Exemptions) 1(2) and Others, has reiterated the principle that the Assessing Officer (A.O.) lacks jurisdiction to assess or reassess any income that was the subject matter of an appeal. The judgment, delivered on [date], delves into the specific circumstances surrounding the reopening of the petitioner’s assessment under Section 147 of the Income Tax ...