Reopening Tax Assessment Invalid if AO Relies Solely on DDIT Report, Lacks Independent Reasoning (Section 147.

Reopening Tax Assessment Invalid if AO Relies Solely on DDIT Report, Lacks Independent Reasoning (Section 147. https://www.taxtmi.com/highlights?id=50282 Reopening of assessment u/s 147 - validity of reason to believe - ‘borrowed satisfaction’ of the DDIT (Inv.) - The repetition of certain portions of the investigation report of DDIT without any reasons independently recorded by the AO on the basis of ‘borrowed satisfaction’ of the DDIT (Inv.) cannot be the basis for reopening of assessment u/s. 147 of the Act. en-us Tue, 19 Nov 2019 12:56:35 +0530 Tue, 19 Nov 2019 12:56:35 +0530 TaxTMI RSS Generator Reopening Tax Assessment Invalid if AO Relies Solely on DDIT Report, Lacks Independent Reasoning (Section 147. https://www.taxtmi.com/highlights?id=50282 Reopening of assessment u/s 147 - validity of reason to believe - ‘borrowed satisfaction’ of the DDIT (Inv.) - The repetition of certain portions of the investigation report of DDIT without any reasons independently recorded by the AO on the basis of ‘borrowed satisfaction’ of the DDIT (Inv.) cannot be the basis for reopening of assessment u/s. 147 of the Act. Highlights Income Tax Tue, 19 Nov 2019 12:56:35 +0530 https://www.taxtmi.com/highlights?id=50282