https://www.taxtmi.com/highlights?id=65001 Reopening of assessment u/s 147 - When the income is foundation on which he based his belief of escapement of income is absent, so AO's usurpation of jurisdiction to reopen of assessment is legally untenable & so, null in the eyes of law. So, we quash the reassessment made by the Ld. AO without jurisdiction. - AT en-us Sat, 06 Aug 2022 09:29:59 +0530 Sat, 06 Aug 2022 09:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65001 Reopening of assessment u/s 147 - When the income is foundation on which he based his belief of escapement of income is absent, so AO's usurpation of jurisdiction to reopen of assessment is legally untenable & so, null in the eyes of law. So, we quash the reassessment made by the Ld. AO without jurisdiction. - AT Highlights Income Tax Sat, 06 Aug 2022 09:29:59 +0530 https://www.taxtmi.com/highlights?id=65001