https://www.taxtmi.com/highlights?id=41322 Reopening of assessment - No re-assessment proceedings can be opened based on the Audit objections sans application of mind. It is manifest that the AO had no ‘reason to believe’, any escapement of income to assessment. Hence, assumption of jurisdiction by the AO to invoke section 147 is unjustifiable. en-us Sun, 09 Sep 2018 07:53:16 +0530 Sun, 09 Sep 2018 07:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=41322 Reopening of assessment - No re-assessment proceedings can be opened based on the Audit objections sans application of mind. It is manifest that the AO had no ‘reason to believe’, any escapement of income to assessment. Hence, assumption of jurisdiction by the AO to invoke section 147 is unjustifiable. Highlights Income Tax Sun, 09 Sep 2018 07:53:16 +0530 https://www.taxtmi.com/highlights?id=41322