Court Invalidates Assessment Reopening u/s 147 Due to Officer's Failure to Independently Evaluate Evidence.

Court Invalidates Assessment Reopening u/s 147 Due to Officer's Failure to Independently Evaluate Evidence. https://www.taxtmi.com/highlights?id=62232 Validity of Reopening of assessment u/s 147 - borrowed satisfaction - non independent application of mind - non-recording of specific details lead us to belief that without proper application of mind, the Assessing Officer has solely and mechanically relying upon the information received from Investigation Wing, has issued impugned notice. - The impugned notices are hereby quashed and set aside. - HC en-us Wed, 02 Mar 2022 08:35:58 +0530 Wed, 02 Mar 2022 08:35:58 +0530 TaxTMI RSS Generator Court Invalidates Assessment Reopening u/s 147 Due to Officer's Failure to Independently Evaluate Evidence. https://www.taxtmi.com/highlights?id=62232 Validity of Reopening of assessment u/s 147 - borrowed satisfaction - non independent application of mind - non-recording of specific details lead us to belief that without proper application of mind, the Assessing Officer has solely and mechanically relying upon the information received from Investigation Wing, has issued impugned notice. - The impugned notices are hereby quashed and set aside. - HC Highlights Income Tax Wed, 02 Mar 2022 08:35:58 +0530 https://www.taxtmi.com/highlights?id=62232