Re-opening of Assessment cannot be done in a Mechanical Manner and on a Change of Opinion: ITAT [Read Order]

Re-opening of assessment - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-opening of an assessment cannot be done in a mechanical manner and on the basis of change of opinion by the Assessing Officer under Section 148 of the Income Tax Act, 1961. The assessee, M/s. Standard Builders, approached the Tribunal challenging…

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