https://www.taxtmi.com/article/detailed?id=8478 Where an apparent mistake exists in an assessment order, the Assessing Officer must invoke rectification power rather than reopening; reopening requires contemporaneous recorded reasons, relevant material supporting a belief that income escaped assessment, and cannot be used to reargue conclusions from the same material. Parallel reopening while rectification is pending is invalid, and reopening for simple computational or apparent errors is disproportionate and prejudicial when rectification is an available efficacious remedy. en-us Fri, 26 Apr 2019 07:53:15 +0530 Fri, 26 Apr 2019 07:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8478 Where an apparent mistake exists in an assessment order, the Assessing Officer must invoke rectification power rather than reopening; reopening requires contemporaneous recorded reasons, relevant material supporting a belief that income escaped assessment, and cannot be used to reargue conclusions from the same material. Parallel reopening while rectification is pending is invalid, and reopening for simple computational or apparent errors is disproportionate and prejudicial when rectification is an available efficacious remedy. Articles Income Tax Fri, 26 Apr 2019 07:53:15 +0530 https://www.taxtmi.com/article/detailed?id=8478