TMI BlogValidity of the reassessment order u/s 147 - addition of bogus accommodation entry - AO has not even...Validity of the reassessment order u/s 147 - addition of bogus accommodation entry - AO has not even mentioned as to what was the nature of entry as given in the report and simply saying that assessee received entry (of huge amount) from entry operators during the period is not sufficient. Such a vague reasons cannot justify the reopening and as observed above, the Assessing Officer can validly acquire jurisdiction only when the reasons recorded itself points out or speaks of live link nexus wit..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
