https://www.taxtmi.com/highlights?id=62946 Validity of Reopening of assessment u/s 147 - eligibility of reasons to believe - initiation of reassessment proceedings u/s.147 of the Act, issuance of notice u/s.147 of the Act, impugned reassessment order as well as first appellate order are hit by second limb of first proviso to section 147 of the Act, therefore, on this count entire action of the AO including impugned reassessment order and first appellate order deserves to be quashed. - AT en-us Sat, 16 Apr 2022 11:30:12 +0530 Sat, 16 Apr 2022 11:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62946 Validity of Reopening of assessment u/s 147 - eligibility of reasons to believe - initiation of reassessment proceedings u/s.147 of the Act, issuance of notice u/s.147 of the Act, impugned reassessment order as well as first appellate order are hit by second limb of first proviso to section 147 of the Act, therefore, on this count entire action of the AO including impugned reassessment order and first appellate order deserves to be quashed. - AT Highlights Income Tax Sat, 16 Apr 2022 11:30:12 +0530 https://www.taxtmi.com/highlights?id=62946