#Section 147
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4,836 articlesIncome Tax
Income Tax
Reopening of assessment under section 147 for mistakes that could be rectified under section 154 is invalid
Income Tax
Income Tax
On non-compliance with statutory condition precedent, reopening of an assessment cannot be sustained
Income Tax
Income Tax
Reopening of an assessment on mere change of opinion without any tangible material is unsustainable
Income Tax
Income Tax
Income Tax – Reasseement can not be done under section 147 for rectification of mistake U/s. 154 – Mumbai HC
Income Tax
Income Tax
Reasons recorded by AO for reopening an assessment are the only reasons which can be considered when formation of belief is impugned
Income Tax
Income Tax
Validity of S.147 reopening has to be determined based on law prevailing on date of issue of S.148 notice
Income Tax
Income Tax
Recourse to the power under Section 147 cannot be sustained on a mere change of opinion
Income Tax
Income Tax
Income cannot be reassessed on a mere change of opinion
Income Tax
Income Tax
Income-Tax Department cannot re-open the assessment U/s. 147 of the Income Tax Act arbitrarily: SC
Income Tax
Income Tax
