TMI BlogReopening of assessment u/s 147 - Since the assessee was claiming purchases from the parties which were...Reopening of assessment u/s 147 - Since the assessee was claiming purchases from the parties which were only issuing accommodation bills and were not having any stock available with them, the A.O. formed an opinion that there was escapement of income - Proper approval was taken by the AO before reopening the assessment. - notice sustained ..... X X X X Extracts X X X X X X X X Extracts X X X X
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