Court dismisses Revenue's appeals for reopening assessment without proper procedure. Section 44AE requirements clarified.

The High Court Kerala dismissed the Revenue's appeals as the Department reopened assessment under Section 148 without a regular assessment under Section 143(3). The Court upheld the order of the CIT (Appeals) and the Tribunal, stating that Section 44AE does not apply unless the Department proves the assessee's accounts are incomplete or incorrect.

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The High Court Kerala dismissed the appeals filed by the Revenue as the Department reopened assessment under Section 148 without making a regular assessment under Section 143(3). The Court upheld the order of the CIT (Appeals) and the Tribunal, stating that Section 44AE does not apply unless the Department proves the assessee's accounts are incomplete or incorrect.

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