Reopening of assessment u/s 147 - Since the assessee was ...

Reassessment u/s 147 upheld due to income escapement from accommodation bills without actual stock. Approval obtained.

August 12, 2019

Case Laws Income Tax AT

Reopening of assessment u/s 147 - Since the assessee was claiming purchases from the parties which were only issuing accommodation bills and were not having any stock available with them, the A.O. formed an opinion that there was escapement of income - Proper approval was taken by the AO before reopening the assessment. - notice sustained

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Reopening of assessment u/s 147 - Since the assessee was ...

Reassessment u/s 147 upheld due to income escapement from accommodation bills without actual stock. Approval obtained.

August 12, 2019

Case Laws Income Tax AT

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