Criteria for satisfying the condition precedent i.e. “reason to believe, escapement of income’' while reopening an assessment

Last updated: 29 June 2021

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Quick Summary

This Income Tax Appellate Tribunal case concerns whether the Assessing Officer (AO) had valid grounds to reopen an assessment. The assessee argued that the AO failed to demonstrate a genuine 'reason to believe' that income had escaped assessment, merely relying on information from the investigation wing without independent application of mind. The Tribunal noted that challenges to the AO's jurisdiction can be raised for the first time on appeal.

Court :
ITAT Kolkata

Brief :
This is an appeal preferred by the assessee against the order of Ld. CIT(A)-11,Kolkata dated 26.07.2019 for Assessment year 2013-14.

Citation :
I.T.A. No. 2142/Kol/2019

Daily Limit Reached