https://www.taxtmi.com/highlights?id=66258 Reopening of assessment u/s 147 - Eligibility of reasons to believe - there is nothing new and it is, in fact, the very note filed by the assessee as well as material that was available on record that has been invoked by the Assessing Officer to reopen the assessment. The counter filed by the Department makes a lukewarm attempt to defend the impugned proceedings by stating that only a 'half page note' had been filed by the assessee which would not suffice. - This defence is only stated to be rejected. - HC en-us Sun, 30 Oct 2022 21:16:02 +0530 Sun, 30 Oct 2022 21:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66258 Reopening of assessment u/s 147 - Eligibility of reasons to believe - there is nothing new and it is, in fact, the very note filed by the assessee as well as material that was available on record that has been invoked by the Assessing Officer to reopen the assessment. The counter filed by the Department makes a lukewarm attempt to defend the impugned proceedings by stating that only a 'half page note' had been filed by the assessee which would not suffice. - This defence is only stated to be rejected. - HC Highlights Income Tax Sun, 30 Oct 2022 21:16:02 +0530 https://www.taxtmi.com/highlights?id=66258