Mere Change of Opinion by AO can’t be a Reason to Reopen Assessment Proceeding u/s 147 of Assessment Proceeding: ITAT [Read Order]

By Sunayana Dhal - On September 8, 2023 8:30 pm - 2 mins read
Mere Change of Opinion - Reason to Reopen Assessment Proceeding - Income Tax Act - ITAT - TAXSCAN

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that a mere change of opinion by the Assessing Officer cannot be a reason to reopen the assessment proceedings under Section 147 of the Income Tax Act, 1961. The assessee filed a return of income under Section 139(1) of the Income Tax Act declaring…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader