https://www.taxtmi.com/highlights?id=72055 Reopening of assessment u/s 147 - reasons to believe - It is settled law that the reasons for reopening an assessment can be tested and examined only on the basis of the reasons recorded at the time of issuing the notice under Section 148 of the Act. The Revenue has not even placed on record any document to suggest that the reasons recorded have been furnished to the Petitioner. On this ground alone the assessment order impugned herein deserves to be quashed. - HC en-us Sat, 16 Sep 2023 21:59:00 +0530 Sat, 16 Sep 2023 21:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72055 Reopening of assessment u/s 147 - reasons to believe - It is settled law that the reasons for reopening an assessment can be tested and examined only on the basis of the reasons recorded at the time of issuing the notice under Section 148 of the Act. The Revenue has not even placed on record any document to suggest that the reasons recorded have been furnished to the Petitioner. On this ground alone the assessment order impugned herein deserves to be quashed. - HC Highlights Income Tax Sat, 16 Sep 2023 21:59:00 +0530 https://www.taxtmi.com/highlights?id=72055