https://www.taxtmi.com/highlights?id=55925 Reopening of assessment u/s 147 - Unexplained loan - There were no justification for the A.O. to record non-existing, incorrect and wrong facts in the reasons for reopening of the assessment.The entirety of the facts clearly show that A.O. recorded wrong, incorrect and non-existing reasons for reopening of the assessment without application of mind and such reopening of the assessment would be invalid and bad in Law. - AT en-us Thu, 17 Dec 2020 09:44:25 +0530 Thu, 17 Dec 2020 09:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55925 Reopening of assessment u/s 147 - Unexplained loan - There were no justification for the A.O. to record non-existing, incorrect and wrong facts in the reasons for reopening of the assessment.The entirety of the facts clearly show that A.O. recorded wrong, incorrect and non-existing reasons for reopening of the assessment without application of mind and such reopening of the assessment would be invalid and bad in Law. - AT Highlights Income Tax Thu, 17 Dec 2020 09:44:25 +0530 https://www.taxtmi.com/highlights?id=55925