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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

An assessment cannot be reopened merely to verify the ...


Reopening Assessments Requires Evidence of Income Escape, Not Just Expense Verification - Avoid Fishing Inquiries.

April 22, 2014

Case Laws     Income Tax     HC

An assessment cannot be reopened merely to verify the genuineness of the expenses as that would amount to an impermissible fishing or rowing enquiry without any tangible material to show escapement of income - HC

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