Assessment u/s 147 of Income Tax Act cannot be made without a Substantive Assessment: ITAT [Read Order]

The tribunal declared the reassessment order illegal, dismissed the revenue's appeal, and deleted the protective additions against the assessee
ITAT - ITAT Cuttack - Income Tax - Section 147 Income Tax Act - Substantive Assessment - taxscan

The Cuttack Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that assessment under Section 147 of the Income Tax Act,1961 cannot be made without a substantive assessment. Birat Chandra Dagara, the respondent assessee, was a mining contractor. The assessment was reopened under Section 147 of the Act, following the findings of the Justice…

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