Reopening of Assessment u/s 147 Valid Despite Process Defects if Unchallenged Before AO; Section 292B Applied.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Validity of reopening of assessment - proceeding u/s 147 initiated on the basis of satisfaction note recorded u/s 153C - curable defect u/s 292B - not challenging before AO is fatal....