Audit objections as information: audit intimations can justify reopening tax assessments under reassessment rules. Audit objections communicated to the assessing officer constitute information sufficient to assume jurisdiction for reopening income-tax assessments; audit department intimations pointing out errors in law provide the requisite basis to trigger reassessment and the same principle applies to reopening under other direct tax statutes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit objections as information: audit intimations can justify reopening tax assessments under reassessment rules.
Audit objections communicated to the assessing officer constitute information sufficient to assume jurisdiction for reopening income-tax assessments; audit department intimations pointing out errors in law provide the requisite basis to trigger reassessment and the same principle applies to reopening under other direct tax statutes.
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