AO has no Power to Reopen Assessment when an Order is passed by Income Tax Settlement Commission u/s 245D of Income Tax Act: ITAT [Read Order]

AO has no Power - Reopen Assessment - Order is passed - Income Tax Settlement Commission- Income Tax Act-ITAT-TAXSCAN

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the Assessing Officer has no power to reopen the assessment when an order is passed by the Income Tax Settlement Commission under Section 245D of the Income Tax Act, 1961. The assessee has filed a return of income and a search and seizure…

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