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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Reopening of assessment - The reasons cannot be supplied ...


Court Rules Reasons for Reopening Tax Assessment Can't Be Added Later; Initial Justification Insufficient to Support Action.

May 4, 2016

Case Laws     Income Tax     HC

Reopening of assessment - The reasons cannot be supplied subsequent to the recording of such reasons either in the form of an order rejecting the objections or an affidavit filed by the Revenue - The reasons also do not provide a live link to the formation of the belief that income had escaped assessment. - HC

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