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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Reassessment u/s 147 - record clearly shows that amount ...

Income Tax

June 17, 2019

Reassessment u/s 147 - record clearly shows that amount deposited with the Dhule PS has been duly disclosed in the books of account - AO had applied his mind in original assessment to this very aspect and had called for details and after considering the explanation tendered by the petitioner did not make any addition in that regard - proper disclosure as well as change of opinion - notice u/s 148 quashed

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