Assessment Reopening u/s 147 Deemed Erroneous; Jurisdiction Improperly Invoked by Assessing Officer, Addition Unsustainable.

Assessment Reopening u/s 147 Deemed Erroneous; Jurisdiction Improperly Invoked by Assessing Officer, Addition Unsustainable. https://www.taxtmi.com/highlights?id=71064 Reopening of assessment u/s 147 - undisclosed revenue receipt - Ld. AO had fallen in error in invoking the jurisdiction u/s 147/148 of the Act and otherwise the addition is not sustainable too in the relevant AY. - AT en-us Mon, 24 Jul 2023 10:03:32 +0530 Mon, 24 Jul 2023 10:03:32 +0530 TaxTMI RSS Generator Assessment Reopening u/s 147 Deemed Erroneous; Jurisdiction Improperly Invoked by Assessing Officer, Addition Unsustainable. https://www.taxtmi.com/highlights?id=71064 Reopening of assessment u/s 147 - undisclosed revenue receipt - Ld. AO had fallen in error in invoking the jurisdiction u/s 147/148 of the Act and otherwise the addition is not sustainable too in the relevant AY. - AT Highlights Income Tax Mon, 24 Jul 2023 10:03:32 +0530 https://www.taxtmi.com/highlights?id=71064