Court Clarifies: Assessments u/s 153A Can Be Reopened u/s 147 of the Income Tax Act.

Court Clarifies: Assessments u/s 153A Can Be Reopened u/s 147 of the Income Tax Act. https://www.taxtmi.com/highlights?id=62968 Legality and validity of the impugned notice issued u/s 148 seeking to reopen an assessment as undertaken u/s 153A - To say that the assessment undertaken u/s 153A of the Act can never be reopened under Section 147 of the Act, would be an incorrect statement of law.- HC en-us Mon, 18 Apr 2022 08:09:39 +0530 Mon, 18 Apr 2022 08:09:39 +0530 TaxTMI RSS Generator Court Clarifies: Assessments u/s 153A Can Be Reopened u/s 147 of the Income Tax Act. https://www.taxtmi.com/highlights?id=62968 Legality and validity of the impugned notice issued u/s 148 seeking to reopen an assessment as undertaken u/s 153A - To say that the assessment undertaken u/s 153A of the Act can never be reopened under Section 147 of the Act, would be an incorrect statement of law.- HC Highlights Income Tax Mon, 18 Apr 2022 08:09:39 +0530 https://www.taxtmi.com/highlights?id=62968