ITAT says amended Section 147 widened escaped-income powers
In short
The ITAT allowed the tax department’s appeal after reading the amended Section 147 as wider than the old version. The earlier wording used the words “and also,” but the amendment changed that.
This matters because it gives the assessing officer more room to act on income that is later found to have escaped tax. The reporting does not say the tax year, the amount involved, or the case name.
What the reporting says
The ITAT allowed the Revenue’s appeal after finding that the amended Section 147 widened the reassessment power, replacing the earlier wording that used the conjunctive phrase “and also.” The publisher summary says the tribunal treated the amended provision as broader than the unamended one. The available reporting does not state the case name, the tax year, or the amount of escaped income at issue.
Why it matters
The ITAT upheld the Revenue’s position on amended Section 147, saying the newer wording expanded the assessing officer’s power to deal with subsequently discovered escaped income. The summary says the earlier clause with “and also” was widened and substituted by the amended provision. The reporting does not provide the case details, the assessment year, or the tax amount, so the practical size of the impact is unknown.