Reopening of assessment u/s 147 - Return filed was non-est ...

Reopening of assessment u/s 147 upheld due to non-est return status u/s 139(4), triggering Explanation 2(a).

August 2, 2019

Case Laws Income Tax AT

Reopening of assessment u/s 147 - Return filed was non-est return and not a valid return in the eyes of law as per Section 139(4)- Clause (a) of Explanation 2 would squarely apply which provide that income would be deemed to have escaped assessment in case no return was furnished although assessee income exceeded the maximum amount which is not chargeable to income tax - reassessment valid

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Reopening of assessment u/s 147 - Return filed was non-est ...

Reopening of assessment u/s 147 upheld due to non-est return status u/s 139(4), triggering Explanation 2(a).

August 2, 2019

Case Laws Income Tax AT

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