https://www.taxtmi.com/highlights?id=63722 Reopening of assessment u/s 147 - Accommodation entries receipt - Without scrupulous compliance of jurisdictional parameters, the Assessing Officer was obviously not competent to invoke the provision of Section 147 of the Act which are drastic in nature. The assumption of jurisdiction under Section 147 is thus clearly without sanction of law and void ab initio. The consequent reassessment order is thus clearly bad in law. - AT en-us Fri, 27 May 2022 10:20:04 +0530 Fri, 27 May 2022 10:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63722 Reopening of assessment u/s 147 - Accommodation entries receipt - Without scrupulous compliance of jurisdictional parameters, the Assessing Officer was obviously not competent to invoke the provision of Section 147 of the Act which are drastic in nature. The assumption of jurisdiction under Section 147 is thus clearly without sanction of law and void ab initio. The consequent reassessment order is thus clearly bad in law. - AT Highlights Income Tax Fri, 27 May 2022 10:20:04 +0530 https://www.taxtmi.com/highlights?id=63722