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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Validity of reopening of assessment - receipt of accommodation ...


Court Invalidates Reopening of Assessment Due to Lack of Reasoned Belief by Assessing Officer.

October 12, 2015

Case Laws     Income Tax     HC

Validity of reopening of assessment - receipt of accommodation entry - the basic requirement that the AO must apply his mind to the materials in order to have reasons to believe that the income of the Assessee escaped assessment is missing in the present case. - HC

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