https://www.taxtmi.com/caselaws?id=117196 Reassessment under sections 147 and 148 could not be sustained where it was founded only on an audit objection and the Assessing Officer did not agree with that objection. The audit function is limited to checking compliance with prescribed rules and procedures and cannot replace the statutory judgment of the income-tax authority. On the facts, the reopening lacked valid basis because the revenue authority itself had not accepted the audit view, so the cancellation of the reassessment was upheld. en-us Thu, 12 Dec 2002 00:00:00 +0530 Wed, 20 Jun 2012 18:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117196 Reassessment under sections 147 and 148 could not be sustained where it was founded only on an audit objection and the Assessing Officer did not agree with that objection. The audit function is limited to checking compliance with prescribed rules and procedures and cannot replace the statutory judgment of the income-tax authority. On the facts, the reopening lacked valid basis because the revenue authority itself had not accepted the audit view, so the cancellation of the reassessment was upheld. Case-Laws Income Tax Thu, 12 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117196