change of opinion

  • Income Tax

It is not necessary that assessment order should contain discussions to disclose satisfaction.

Validity of Notice u/s 148. It is not necessary that original assessment order should contain discussion to disclose satisfaction. ABCAUS…

1 year ago
  • Income Tax

Contents of assessment order not decisive if reopening is change of opinion – SC

Manner and contents of assessment order framed not determinative whether or not reopening is a case of change of opinion…

1 year ago
  • Income Tax

A general statement that escapement of income is due to failure of assessee not enough

A general statement that escapement of income is due to failure of assessee to disclose fully and truly all material…

2 years ago
  • Income Tax

Non-rejection of explanation in Assessment Order amounts to AO accepting it

Non-rejection of explanation in Assessment Order amounts to AO accepting it hence no reopening on change of opinion. SC upholds…

4 years ago
  • Income Tax

Reopening for escaped FDR income upheld as profits were estimated only on contract income

Reopening for escaped FDR income upheld when in original assessment profits was estimated only on contract income ignoring interest income…

5 years ago
  • Income Tax

Reopening done at the insistence of CIT held as change of opinion and vitiated in law

Reopening done at the insistence of CIT held as change of opinion and was vitiated in law as it did…

5 years ago
  • Income Tax

Change of opinion not permissible for invoking proceedings u/s 147

Change of opinion not permissible for invoking proceedings u/s 147. ITAT quashed reassessment for payment of managerial remuneration in proprietorship…

5 years ago
  • Income Tax

Validity of notice u/s 148 where assessment made u/s 143(1)- SC quashes High Court order

Validity of notice u/s 148 where assessment was made u/s 143(1)- Supreme Court quashed High Court order that no substantial question of law…

5 years ago
  • Income Tax

No question of Change in Opinion when subject matter income not shown in original return

No question of change of opinion when subject matter income not shown in original return or was not the subject…

6 years ago
  • Income Tax

No change of opinion when there was no earlier scrutiny assessment-High Court

No change of opinion when there was no earlier scrutiny assessment, therefore, the reopening of assessment was not bad in…

6 years ago