Court Questions Validity of Reopened Assessment u/s 147 Due to Assessing Officer's Lack of Due Diligence. https://www.taxtmi.com/highlights?id=61375 Reopening of assessment u/s 147 - bogus accommodation entries receipts - What perplexes us as much as the assessee was perplexed is how can a company provide bogus entry to itself. - The facts clearly shows total non application of mind by the Assessing Officer Mr. Suryavanshi. His statement in the reasons “ and after careful application of mind ” is risible. There is total non application of mind. - HC en-us Tue, 11 Jan 2022 12:58:20 +0530 Tue, 11 Jan 2022 12:58:20 +0530 TaxTMI RSS Generator Court Questions Validity of Reopened Assessment u/s 147 Due to Assessing Officer's Lack of Due Diligence. https://www.taxtmi.com/highlights?id=61375 Reopening of assessment u/s 147 - bogus accommodation entries receipts - What perplexes us as much as the assessee was perplexed is how can a company provide bogus entry to itself. - The facts clearly shows total non application of mind by the Assessing Officer Mr. Suryavanshi. His statement in the reasons “ and after careful application of mind ” is risible. There is total non application of mind. - HC Highlights Income Tax Tue, 11 Jan 2022 12:58:20 +0530 https://www.taxtmi.com/highlights?id=61375