Reopening of assessment - receipt of accommodation entries - ...

Assessment Reopening Invalid: Profits from Accommodation Entries Already Disclosed and Assessed, No Justifiable Belief of Escaped Income.

May 18, 2016

Case Laws Income Tax AT

Reopening of assessment - receipt of accommodation entries - Such profit has been duly accounted, disclosed and assessed. Therefore the AO could not form a belief at the time of issue of notice that income to that extent has escaped assessment. - AT

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Reopening of assessment - receipt of accommodation entries - ...

Assessment Reopening Invalid: Profits from Accommodation Entries Already Disclosed and Assessed, No Justifiable Belief of Escaped Income.

May 18, 2016

Case Laws Income Tax AT

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