Unauthorized Section 147 Order Invalidates Section 148 Notice; Assessments Cannot Reopen Without Meeting Preconditions.

Unauthorized Section 147 Order Invalidates Section 148 Notice; Assessments Cannot Reopen Without Meeting Preconditions. https://www.taxtmi.com/highlights?id=66134 Reopening of assessment u/s 147 - Once an order u/s 147 is found to be without authority, the consequential notice under Section 148 of the Act has no legs to stand on and the matter or the assessment cannot be reopened in the absence of the statutory pre-condition being met. - HC en-us Wed, 19 Oct 2022 13:17:16 +0530 Wed, 19 Oct 2022 13:17:16 +0530 TaxTMI RSS Generator Unauthorized Section 147 Order Invalidates Section 148 Notice; Assessments Cannot Reopen Without Meeting Preconditions. https://www.taxtmi.com/highlights?id=66134 Reopening of assessment u/s 147 - Once an order u/s 147 is found to be without authority, the consequential notice under Section 148 of the Act has no legs to stand on and the matter or the assessment cannot be reopened in the absence of the statutory pre-condition being met. - HC Highlights Income Tax Wed, 19 Oct 2022 13:17:16 +0530 https://www.taxtmi.com/highlights?id=66134