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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Validity of reopening of assessment - the analysis of data ...


Assessing Officer Needs Reasonable Belief to Reopen Assessment for Escaped Income Tax Under Review.

December 14, 2016

Case Laws     Income Tax     HC

Validity of reopening of assessment - the analysis of data (material) would alone determine whether, prima facie, income chargeable to tax has escaped assessment - AO had reasonable belief to come to the conclusion that income chargeable to tax has escaped assessment - HC

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