High Court: Objective satisfaction and prima facie case sufficient to reopen assessment u/s 147 of Income Tax Act.

High Court: Objective satisfaction and prima facie case sufficient to reopen assessment u/s 147 of Income Tax Act. https://www.taxtmi.com/highlights?id=59541 Reopening of assessment u/s 147 - It is sufficient if any one of the conditions stipulated in Proviso clause to Section 147 is satisfied for reopening of assessment. - The sufficiency of the reasons need not be gone into by the High Court in a writ proceedings. Thus, if there is a prima facie case for the purpose of reopening of assessment, and the objective satisfaction is sufficient for the purpose of reopening of assessment. - HC en-us Mon, 06 Sep 2021 11:26:50 +0530 Mon, 06 Sep 2021 11:26:50 +0530 TaxTMI RSS Generator High Court: Objective satisfaction and prima facie case sufficient to reopen assessment u/s 147 of Income Tax Act. https://www.taxtmi.com/highlights?id=59541 Reopening of assessment u/s 147 - It is sufficient if any one of the conditions stipulated in Proviso clause to Section 147 is satisfied for reopening of assessment. - The sufficiency of the reasons need not be gone into by the High Court in a writ proceedings. Thus, if there is a prima facie case for the purpose of reopening of assessment, and the objective satisfaction is sufficient for the purpose of reopening of assessment. - HC Highlights Income Tax Mon, 06 Sep 2021 11:26:50 +0530 https://www.taxtmi.com/highlights?id=59541