High Court Dismisses Petition, Upholds Reopening of Tax Assessment u/s 147 Based on Specific Report Findings. https://www.taxtmi.com/highlights?id=67809 Reopening of asseessment u/s 147 - Reason to believe - When specific report has unearthed the modus operadi, the authority found it necessary to reopen the assessment and as such the proposition which has been canvassed by the learned advocate that it is borrowed satisfaction or the order passed is without application of mind are not worthy of acceptance. - petition stands dismissed. - HC en-us Thu, 19 Jan 2023 13:39:34 +0530 Thu, 19 Jan 2023 13:39:34 +0530 TaxTMI RSS Generator High Court Dismisses Petition, Upholds Reopening of Tax Assessment u/s 147 Based on Specific Report Findings. https://www.taxtmi.com/highlights?id=67809 Reopening of asseessment u/s 147 - Reason to believe - When specific report has unearthed the modus operadi, the authority found it necessary to reopen the assessment and as such the proposition which has been canvassed by the learned advocate that it is borrowed satisfaction or the order passed is without application of mind are not worthy of acceptance. - petition stands dismissed. - HC Highlights Income Tax Thu, 19 Jan 2023 13:39:34 +0530 https://www.taxtmi.com/highlights?id=67809