https://www.taxtmi.com/highlights?id=65574 Reopening of assessment u/s 147 - AO has made addition on the basis of the borrowed satisfaction. He has not applied his mind and in our opinion, he ought to have done independent home work but in the present case no such exercise was done by the learned AO for the reason best known to him. Therefore, in our considered opinion, in such case, addition cannot be made. - AT en-us Sun, 11 Sep 2022 18:30:38 +0530 Sun, 11 Sep 2022 18:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65574 Reopening of assessment u/s 147 - AO has made addition on the basis of the borrowed satisfaction. He has not applied his mind and in our opinion, he ought to have done independent home work but in the present case no such exercise was done by the learned AO for the reason best known to him. Therefore, in our considered opinion, in such case, addition cannot be made. - AT Highlights Income Tax Sun, 11 Sep 2022 18:30:38 +0530 https://www.taxtmi.com/highlights?id=65574