TMI BlogReopening of assessment u/s 147 - Deduction u/s 80IB(10) - built-up area of some of the residential...Reopening of assessment u/s 147 - Deduction u/s 80IB(10) - built-up area of some of the residential units in the project was more than the prescribed area of 1000 sq. ft - the reopening of the case before us was carried out on the basis of fresh “tangible material” which clearly established that the A.O had a ‘reason to believe’ that the income of the assessee chargeable to tax had escaped assessment. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
