Assessment Strayed from Guidelines of Income Tax Act is Crucial for Reopening of Assessment: Kerala HC [Read Order]

The Court observed that the Assessing Authority has proceeded strictly in accordance with the provisions of Clause (ii) of Explanation 1 to Section 148 of the Income Tax Act
Kerala High Court - Income Tax - Reopening of Assessment - Guidelines of Income Tax Act - TAXSCAN

The Kerala High Court in a single judge verdict held that if the revenue audit raises an objection that the assessment was not completed in accordance with the provisions of the Income tax Act,1961 it cannot be treated as a change of opinion because this is the statutory prescription and statutory ground/reason for re-opening the…

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