HC justified reassessment as reason recorded by AO is unconnected with issue involved during original assessment

INCOME-TAX : Once competent authority formed an opinion that issue involved during original assessment is unconnected with reasons for reopening of assessment under section 147 , then High Court is expected to be slow in interfering with reopening of assessment and authorities must be provided with opportunity to conduct further adjudicationINCOME-TAX : Once competent authority formed an opinion that issue involved during original assessment is unconnected with reasons for reopening of assessment under section 147 , then High Court is expected to be slow in interfering with reopening of assessment and authorities must be provided with opportunity to conduct further adjudicationwww.taxmann.com Latest Case LawsRead More

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