Income Tax Reassessment Initiation must be Evaluated Separately from AO’s Post-Reopening Powers: Delhi HC [Read Order]

Validity of reassessment initiation must be independently evaluated, not confused with Assessing officer’s power post-reopening u/s 147
By Aiswarya Krishnadas - On August 4, 2024 10:54 am - 2 mins read
Income Tax - Income Tax Act - Income Tax Reassessment - Delhi High Court - Delhi HC - TAXSCAN

The Delhi High Court ruled that the validity of the initiation of reassessment under Sections 147 and 148 of the Income Tax Act must be evaluated independently, and should not be conflated with the powers that may ultimately be exercised by the Assessing Officer ( AO ) after a reassessment has been validly reopened. The…

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