Reassessment Without Fresh Tangible Material and Failure to Comply with Section 148A Is Invalid
Reassessment Without Fresh Tangible Material and Failure to Comply with Section 148A Is Invalid Issue Whether reopening an assessment under Section 147 on an issue thoroughly examined in original assessment proceedings—without any fresh tangible material and without complying with the mandatory Section 148A procedure—is legally valid. Facts Original Proceedings (A.Y. 2009-10 & 2010-11): Original assessments… Read More »