Challenge to Tax Reassessment: AO Failed to Independently Verify Information, Violating Section 147 Requirements.

Challenge to Tax Reassessment: AO Failed to Independently Verify Information, Violating Section 147 Requirements. https://www.taxtmi.com/highlights?id=56074 Reopening of assessment u/s 147 - non independent application of mind by AO - Borrowed satisfaction - A.O. has reopened the assessment solely on the basis of information received of the ADIT (Investigation) and without forming an independent opinion and there cannot be any reassessment for verification and without satisfying the requisite condition under the law. - AT en-us Mon, 28 Dec 2020 09:45:50 +0530 Mon, 28 Dec 2020 09:45:50 +0530 TaxTMI RSS Generator Challenge to Tax Reassessment: AO Failed to Independently Verify Information, Violating Section 147 Requirements. https://www.taxtmi.com/highlights?id=56074 Reopening of assessment u/s 147 - non independent application of mind by AO - Borrowed satisfaction - A.O. has reopened the assessment solely on the basis of information received of the ADIT (Investigation) and without forming an independent opinion and there cannot be any reassessment for verification and without satisfying the requisite condition under the law. - AT Highlights Income Tax Mon, 28 Dec 2020 09:45:50 +0530 https://www.taxtmi.com/highlights?id=56074