https://www.taxtmi.com/highlights?id=65865 Validity of reopening assessment u/s 147 - the reopening of assessment made by the AO on irrelevant facts and on a mere reason to suspect cannot survive. We hold that the reopening of assessment for the impugned assessment year is invalid. Hence, the subsequent action taken by the Assessing Officer in pursuance thereof resulting in the impugned assessment order is also invalid. - AT en-us Thu, 29 Sep 2022 18:14:47 +0530 Thu, 29 Sep 2022 18:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65865 Validity of reopening assessment u/s 147 - the reopening of assessment made by the AO on irrelevant facts and on a mere reason to suspect cannot survive. We hold that the reopening of assessment for the impugned assessment year is invalid. Hence, the subsequent action taken by the Assessing Officer in pursuance thereof resulting in the impugned assessment order is also invalid. - AT Highlights Income Tax Thu, 29 Sep 2022 18:14:47 +0530 https://www.taxtmi.com/highlights?id=65865