https://www.taxtmi.com/highlights?id=58899 Validity of reopening of assessment u/s 147 - addition of transactions in HSBC Bank - AO is not sure whether income has to be assessed in the hands of assessee or his ex-wife. Next, he was not sure in which assessment year it has to be taxed, whether AY 2002-03 or 2003-04. In addition, he is not sure who is the exact owner of this bank account. - AO reopened the assessment merely on suspicion and surmise - Reassessment orders quashed - AT en-us Fri, 23 Jul 2021 22:30:01 +0530 Fri, 23 Jul 2021 22:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58899 Validity of reopening of assessment u/s 147 - addition of transactions in HSBC Bank - AO is not sure whether income has to be assessed in the hands of assessee or his ex-wife. Next, he was not sure in which assessment year it has to be taxed, whether AY 2002-03 or 2003-04. In addition, he is not sure who is the exact owner of this bank account. - AO reopened the assessment merely on suspicion and surmise - Reassessment orders quashed - AT Highlights Income Tax Fri, 23 Jul 2021 22:30:01 +0530 https://www.taxtmi.com/highlights?id=58899