[aaykarbhavan] Reassessment was void if CIT sanctioned initiation of reassessment without recording his satisfaction

Reassessment was void if CIT sanctioned initiation of reassessment without recording his satisfaction

May 2, 2015[2015] 56 taxmann.com 199 (Mumbai - Trib.)

IT : Where Commissioner simply put 'approved' and signed report thereby giving sanction to Assessing Officer to reopen assessment, it did not amount to recording of proper satisfaction in terms of section 151(1)

IT : Where Assessing Officer having rejected assessee's objections seeking to reopen assessment, passed assessment order within four weeks from date of rejection of objections, order so passed being invalid, was to be set aside

 

Regards

Prarthana Jalan

__._,_.___

---

Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• Privacy • Unsubscribe • Terms of Use