https://www.taxtmi.com/highlights?id=63526 Reopening of assessment u/s 147 - reasons to believe - “tangible material” - There is no whisper in the impugned reassessment order as to how the AO has arrived at the aforesaid amount as undisclosed income and that how the aforesaid amount represents undisclosed income of the petitioner/assessee. Thus the reassessment proceeding initiated by the AO against the petitioner for the AY 2017-18 was not only without jurisdiction but also it was abuse of power - HC en-us Wed, 18 May 2022 08:58:45 +0530 Wed, 18 May 2022 08:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63526 Reopening of assessment u/s 147 - reasons to believe - “tangible material” - There is no whisper in the impugned reassessment order as to how the AO has arrived at the aforesaid amount as undisclosed income and that how the aforesaid amount represents undisclosed income of the petitioner/assessee. Thus the reassessment proceeding initiated by the AO against the petitioner for the AY 2017-18 was not only without jurisdiction but also it was abuse of power - HC Highlights Income Tax Wed, 18 May 2022 08:58:45 +0530 https://www.taxtmi.com/highlights?id=63526