Tribunal Must Explain If No Failure Found in Assessee's Disclosure for Reopening Assessment u/s 147.

Tribunal Must Explain If No Failure Found in Assessee's Disclosure for Reopening Assessment u/s 147. https://www.taxtmi.com/highlights?id=54967 Reopening of assessment u/s 147 - the assessment order as well as the order passed by the CIT(A) are speaking orders. If the Tribunal comes to the conclusion that the Assessing Officer has not recorded any failure on the part of the assessee to disclose fully and truly any material facts necessary for its assessment, it is required that the Tribunal expresses itself as to how it formed such a opinion. - HC en-us Wed, 30 Sep 2020 13:29:36 +0530 Wed, 30 Sep 2020 13:29:36 +0530 TaxTMI RSS Generator Tribunal Must Explain If No Failure Found in Assessee's Disclosure for Reopening Assessment u/s 147. https://www.taxtmi.com/highlights?id=54967 Reopening of assessment u/s 147 - the assessment order as well as the order passed by the CIT(A) are speaking orders. If the Tribunal comes to the conclusion that the Assessing Officer has not recorded any failure on the part of the assessee to disclose fully and truly any material facts necessary for its assessment, it is required that the Tribunal expresses itself as to how it formed such a opinion. - HC Highlights Income Tax Wed, 30 Sep 2020 13:29:36 +0530 https://www.taxtmi.com/highlights?id=54967