https://www.taxtmi.com/highlights?id=69632 Reopening of assessment u/s 147 - reason to believe - the onus would be on the AO to provide reasons to disbelieve the bank statements and supporting documents for reopening the assessment. That in our view has not been spelled out and therefore, the reassessment sought to be initiated deserves to be stalled. - AO has acted in excess of the limit of his jurisdiction to reopen the assessment - HC en-us Sat, 06 May 2023 13:13:30 +0530 Sat, 06 May 2023 13:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69632 Reopening of assessment u/s 147 - reason to believe - the onus would be on the AO to provide reasons to disbelieve the bank statements and supporting documents for reopening the assessment. That in our view has not been spelled out and therefore, the reassessment sought to be initiated deserves to be stalled. - AO has acted in excess of the limit of his jurisdiction to reopen the assessment - HC Highlights Income Tax Sat, 06 May 2023 13:13:30 +0530 https://www.taxtmi.com/highlights?id=69632