https://www.taxtmi.com/highlights?id=63288 Reopening of assessment u/s 147 - Scope of new provision section 148A - Validation of notices after quashed by various High Courts - if the aforesaid order is passed, it will strike a balance between the rights of the Revenue as well as the respective assesses as because of a bonafide belief of the officers of the Revenue in issuing approximately 90000 such notices, the Revenue may not suffer as ultimately it is the public exchequer which would suffer. - SC en-us Thu, 05 May 2022 12:05:10 +0530 Thu, 05 May 2022 12:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63288 Reopening of assessment u/s 147 - Scope of new provision section 148A - Validation of notices after quashed by various High Courts - if the aforesaid order is passed, it will strike a balance between the rights of the Revenue as well as the respective assesses as because of a bonafide belief of the officers of the Revenue in issuing approximately 90000 such notices, the Revenue may not suffer as ultimately it is the public exchequer which would suffer. - SC Highlights Income Tax Thu, 05 May 2022 12:05:10 +0530 https://www.taxtmi.com/highlights?id=63288