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Income Tax - Highlights / Catch Notes

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


Court Quashes Section 148 Notice: Proper Disclosure Found, No Grounds for Reassessment Due to Change of Opinion.

June 17, 2019

Case Laws     Income Tax     HC

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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