Income Tax Reassessment u/s 147: Orders Set Aside for Not Providing Recorded Reasons to Assessee.

Income Tax Reassessment u/s 147: Orders Set Aside for Not Providing Recorded Reasons to Assessee. https://www.taxtmi.com/highlights?id=40819 Reassessment u/s 147 - Merely because the quantum of income which is finally determined is lower than the amount specified in the reasons, the same cannot be the basis for challenging the initiation of reassessment proceedings U/s 147 of the Act. - However, order set aside on the ground of non-supply of reason to believe so recorded to the assessee. en-us Sat, 11 Aug 2018 08:32:38 +0530 Sat, 11 Aug 2018 08:32:38 +0530 TaxTMI RSS Generator Income Tax Reassessment u/s 147: Orders Set Aside for Not Providing Recorded Reasons to Assessee. https://www.taxtmi.com/highlights?id=40819 Reassessment u/s 147 - Merely because the quantum of income which is finally determined is lower than the amount specified in the reasons, the same cannot be the basis for challenging the initiation of reassessment proceedings U/s 147 of the Act. - However, order set aside on the ground of non-supply of reason to believe so recorded to the assessee. Highlights Income Tax Sat, 11 Aug 2018 08:32:38 +0530 https://www.taxtmi.com/highlights?id=40819