https://www.taxtmi.com/highlights?id=68359 Reopening of assessment u/s 147 - assessee had entered into cash transactions exceeding Rs.10,00,000 in a month, resulting in escapement of income - the reasons recorded make it amply clear that AO has acted mechanically and without application of mind to the facts and material on record. Such lackadaisical approach for reopening of assessment u/s 147 cannot be condoned. - AT en-us Mon, 20 Feb 2023 08:26:15 +0530 Mon, 20 Feb 2023 08:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68359 Reopening of assessment u/s 147 - assessee had entered into cash transactions exceeding Rs.10,00,000 in a month, resulting in escapement of income - the reasons recorded make it amply clear that AO has acted mechanically and without application of mind to the facts and material on record. Such lackadaisical approach for reopening of assessment u/s 147 cannot be condoned. - AT Highlights Income Tax Mon, 20 Feb 2023 08:26:15 +0530 https://www.taxtmi.com/highlights?id=68359