AO can’t initiate reassessment on issues that are already pending in appeal before Tribunal: Madras HC

INCOME TAX : Where AO issued a reopening notice against assessee on ground that assessee gave self-cheques to various agents who encashed them and made further payments in cash to agriculturists from whom assessee purchased copra and, thus, there was mischief under section 40A(3), since issue in question was already pending in appeal before Tribunal and, further, all relevant materials were very much available before AO during original scrutiny proceedings, impugned reopening notice issued after

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