https://www.taxtmi.com/highlights?id=72818 Reopening of assessment u/s 147 - Reopning after 4 years - As per the mandate of law, even where a concluded assessment is sought to be reopened by the A.O within a period of 4 years from the end of the relevant assessment year, it is a must that the A.O has fresh material or information with him, that had led to the formation of belief on his part that the income of the assessee chargeable to tax has escaped assessment. - AT en-us Tue, 31 Oct 2023 09:55:25 +0530 Tue, 31 Oct 2023 09:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72818 Reopening of assessment u/s 147 - Reopning after 4 years - As per the mandate of law, even where a concluded assessment is sought to be reopened by the A.O within a period of 4 years from the end of the relevant assessment year, it is a must that the A.O has fresh material or information with him, that had led to the formation of belief on his part that the income of the assessee chargeable to tax has escaped assessment. - AT Highlights Income Tax Tue, 31 Oct 2023 09:55:25 +0530 https://www.taxtmi.com/highlights?id=72818