High Court Quashes Income Tax Assessment Reopening Due to Lack of Assessing Officer's Independent Judgment u/s 147.

High Court Quashes Income Tax Assessment Reopening Due to Lack of Assessing Officer's Independent Judgment u/s 147. https://www.taxtmi.com/highlights?id=68884 Reopening of assessment u/s 147 - reopening on the base of a factual error pointed out by the audit party - There is no material worth the name emerging that to indicate any independent application of mind could be noticed. On the contrary, there are glaring facts which have been pointed out that the Assessing Officer had no subjective satisfaction while issuing the notice of reopening. - Notice quashed and set aside - HC en-us Thu, 23 Mar 2023 12:48:50 +0530 Thu, 23 Mar 2023 12:48:50 +0530 TaxTMI RSS Generator High Court Quashes Income Tax Assessment Reopening Due to Lack of Assessing Officer's Independent Judgment u/s 147. https://www.taxtmi.com/highlights?id=68884 Reopening of assessment u/s 147 - reopening on the base of a factual error pointed out by the audit party - There is no material worth the name emerging that to indicate any independent application of mind could be noticed. On the contrary, there are glaring facts which have been pointed out that the Assessing Officer had no subjective satisfaction while issuing the notice of reopening. - Notice quashed and set aside - HC Highlights Income Tax Thu, 23 Mar 2023 12:48:50 +0530 https://www.taxtmi.com/highlights?id=68884