Reopening an assessment is void if the income believed to have escaped assessment is non-existent.

Reopening an assessment is void if the income believed to have escaped assessment is non-existent. https://www.taxtmi.com/highlights?id=45149 Validity of the reopening of the assessment - when that income which was the foundation on which he based his belief of escapement of income is absent /disappeared then the AO’s very usurpation of jurisdiction is on non-existing jurisdictional fact which renders his usurpation of jurisdiction to reopen the assessment legally untenable and so null in the eyes of law. en-us Thu, 14 Mar 2019 09:22:54 +0530 Thu, 14 Mar 2019 09:22:54 +0530 TaxTMI RSS Generator Reopening an assessment is void if the income believed to have escaped assessment is non-existent. https://www.taxtmi.com/highlights?id=45149 Validity of the reopening of the assessment - when that income which was the foundation on which he based his belief of escapement of income is absent /disappeared then the AO’s very usurpation of jurisdiction is on non-existing jurisdictional fact which renders his usurpation of jurisdiction to reopen the assessment legally untenable and so null in the eyes of law. Highlights Income Tax Thu, 14 Mar 2019 09:22:54 +0530 https://www.taxtmi.com/highlights?id=45149