AO Cannot Reopen Assessments under Income Tax Act in Block Period of Six Years in Absence of Incriminating Materials: Kerala HC [Read Order]
The court held that there was no incriminating material against the appellants or assessees of the assessment years 2002–03 to 2007–08; the finding of the Appellate Tribunal reversing the orders of the First Appellate Authority cannot be legally sustained.
The Kerala High Court in a recent judgement has held that Assessing Officer ( AO ) cannot reopen assessments in block period of six years in absence of incriminating materials obtained during the search under section 132 of the Income Tax Act,1961. M/s. Sunny Jacob Group, the petitioner comprises partnership firms, in which Sri. Sunny…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
