Reason to believe for Reassessment: AO must exercise discretion independently and not under the dictates of other authorities.

Reason to believe for Reassessment: AO must exercise discretion independently and not under the dictates of other authorities.   Bombay High Court: Agfa India Pvt. Ltd. (ITA No 1857/ 2018) The High Court upheld the ITAT’s decision, noting that the AO had acted under the directions of superior officers without independent application of mind, and…

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