https://www.taxtmi.com/highlights?id=57746 Validity of reopening of assessment u/s 147 - We see no justifiable reason to interfere with the order under challenge. We clarify that when a notice under Section 148 of the Income tax Act is issued, the proper course of action for the noticee is to file return and if he so desires, to seek reasons for issuing notices. The assessing officer is bound to furnish reasons within a reasonable time. On receipt of reasons, the noticee is entitled to file objections to issuance of notice and the assessing officer is bound to dispose of the same by passing a speaking order’. - HC en-us Tue, 27 Apr 2021 21:10:19 +0530 Tue, 27 Apr 2021 21:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57746 Validity of reopening of assessment u/s 147 - We see no justifiable reason to interfere with the order under challenge. We clarify that when a notice under Section 148 of the Income tax Act is issued, the proper course of action for the noticee is to file return and if he so desires, to seek reasons for issuing notices. The assessing officer is bound to furnish reasons within a reasonable time. On receipt of reasons, the noticee is entitled to file objections to issuance of notice and the assessing officer is bound to dispose of the same by passing a speaking order’. - HC Highlights Income Tax Tue, 27 Apr 2021 21:10:19 +0530 https://www.taxtmi.com/highlights?id=57746