Income Tax Law does not prohibit Assessing Officer to go beyond the Reasons based on which Re-Assessment Initiated: ITAT [Read Order]

Income Tax Law - Assessing Officer - Re-Assessment - ITAT- Assessement - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that there is no prohibition under the law that the Assessing Officer is required to confine assessment on the issue for which the assessment was reopened by him under sections 147/148 of the Income Tax Act, 1961. The Assessing Officer reopened the assessment…

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M.R. Enterprises vs Income-tax Officer

Case Number:   ITA No. 7444/DEL/2019

Date of Judgement:   26.04.2022

Counsel for Respondent:   Sh. Om Parkash Sr. DR

CITATION:   2022 TAXSCAN (ITAT) 412

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