Section 147 ::

Last updated: 29 September 2007

Save Share

Court :
HC

Brief :
Held by the Hon`ble Bench that, the scope of section 147 of Income-tax Act, is not for reversing the earlier order suo motu. Therefore reassessment is not permissible on the basis of change of opinion.

Citation :
D.C.I.T Vs. Indian Syntans Investments Pvt. Ltd.

Section 147 D.C.I.T Vs. Indian Syntans Investments Pvt. Ltd. 06/30/2006 [2007] 293 ITR (AT) 177 (Chennai) Case Fact: Whether, reassessment is permissible on the basis of change of opinion? Decision: Held by the Hon`ble Bench that, the scope of section 147 of Income-tax Act, is not for reversing the earlier order suo motu. Therefore reassessment is not permissible on the basis of change of opinion.

93 Views Comment Share Income Tax Report

Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

View Judgements

Comments