| COURT: | Karnataka High Court |
| CORAM: | B. Manohar J, Vineet Saran J |
| SECTION(S): | 147 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | fishing and roving inquiry, Reassessment |
| COUNSEL: | G. Venkatesh, K. S. Hanumantha Rao |
| DATE: | August 24, 2015 (Date of pronouncement) |
| DATE: | April 10, 2016 (Date of publication) |
| AY: | 2005-06 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 147: An assessment cannot be reopened for the purpose of making a fishing and roving enquiry | |
Section 147/148 of the Act is not meant for reopening an already concluded assessment by first issuing notice and then proceeding to investigate and find out if there was any lacuna in the accounts. If such further investigation, by reopening a concluded assessment, is permitted, it, would give rise to fishing and rowing enquiries, because, in every case, the Assessing Officer can then issue notice for the purpose of investigation, and thus reopen any concluded assessment
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