ITAT upholds Reopening of Assessment u/s 147, Citing Sufficient Reasons and Compliance with Limitation [Read Order]
The Assessee’s appeal was dismissed by the CIT(A), and the tribunal upheld the reopening, rejecting the claim that the reasons for reopening were vague, while emphasizing the adequacy of the details provided for verification of the transactions
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) upholds reopening of the assessment under Section 147 of Income Tax Act,1961, citing sufficient reasons for the reopening and compliance with the limitation period. Harpreet Kaur Kaushik Manek,appellant-assessee,failed to file an income tax return for the relevant assessment year. Despite a system-generated letter issued…
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