https://www.taxtmi.com/highlights?id=61697 Reopening of assessment u/s 147 - Independent application of mind - There is a case where the survey had taken place in assessee’s own premises and the Director as well as Accountant of the assessee company had failed to provide any evidence regarding introduction of share capital. Further the Addl. CIT while granting approval has also recorded his satisfaction. Under these circumstances, we do not find any infirmity in the order of the CIT(A) in upholding the validity of re-assessment proceedings - AT en-us Sat, 29 Jan 2022 14:19:17 +0530 Sat, 29 Jan 2022 14:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61697 Reopening of assessment u/s 147 - Independent application of mind - There is a case where the survey had taken place in assessee’s own premises and the Director as well as Accountant of the assessee company had failed to provide any evidence regarding introduction of share capital. Further the Addl. CIT while granting approval has also recorded his satisfaction. Under these circumstances, we do not find any infirmity in the order of the CIT(A) in upholding the validity of re-assessment proceedings - AT Highlights Income Tax Sat, 29 Jan 2022 14:19:17 +0530 https://www.taxtmi.com/highlights?id=61697