Home / 
Reassessment u/s 147 Invalid: AO Satisfied with Explanation, Reopening u/s 263 Unlawful.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Revision u/s 263 - reassessment u/s 147 - AO was satisfied the explanation of the assessee with regard to Accommodation entries. - Reopening of the assessment in this case is invalid, bad in law and therefore, such re-assessment proceedings could not be reopened u/s 263....
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI