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2002 (5) TMI 8 - CALCUTTA HIGH COURTNotice for reopening of the assessment u/s 148 - whether when the first reopening of the assessment has been set aside by the Tribunal, can this second reopening be done or not - The confessional statement of Jethanand Madhavdas is the basis on which a belief has been arrived at by the Income-tax Officer and the same having been affirmed by the Central Board of Direct Taxes is sufficient for reopening of the assessment - Therefore, it cannot be said that there are no materials to arrive at a belief of the escapement of the income during the relevant assessment year – Held that impugned notice is valid
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