Reassessment cannot be invoked when Original Assessment concluded after receipt of Satisfactory Reply on Similar Queries: Bombay HC [Read Order]

Reassessment-Income-Tax-Act-High-Court-notice-for-Reassessment - Taxscan

 A division bench of the Bombay High Court while setting aside the notice issued for reassessment under section 148 of Income Tax Act, 1961 held that Reopening of assessment cannot be invoked when a satisfactory reply is delivered for queries raised by section 133(6) of Income Tax Act while concluding the original assessment. The petitioner…

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