https://www.taxtmi.com/highlights?id=47028 Reassessment u/s 147 - The full and true disclosure of the assessee is not in doubt - The ‘recording of reasons’ is mechanical and robotic and the mandate u/s 147 has not been complied with - It was incumbent upon the AO to have had independent ‘reasons to believe’ that there is escapement of tax, even if the initial nudge did emanate from the audit department - reassessment quashed en-us Fri, 07 Jun 2019 07:29:18 +0530 Fri, 07 Jun 2019 07:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47028 Reassessment u/s 147 - The full and true disclosure of the assessee is not in doubt - The ‘recording of reasons’ is mechanical and robotic and the mandate u/s 147 has not been complied with - It was incumbent upon the AO to have had independent ‘reasons to believe’ that there is escapement of tax, even if the initial nudge did emanate from the audit department - reassessment quashed Highlights Income Tax Fri, 07 Jun 2019 07:29:18 +0530 https://www.taxtmi.com/highlights?id=47028