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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Reopening of assessment u/s 147 - upon reading the reasons to ...

Income Tax

August 8, 2019

Reopening of assessment u/s 147 - upon reading the reasons to believe as a whole the ‘live link’ between the material in the form of the investigation report and the formation of belief that income that has escaped assessment is prima facie discernable - the Court hastens to add that this is a prima facie view which is all that is necessary at this stage - reassessment upheld

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