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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 147 - Validity of reasons to believe ...


Reopening of Assessment u/s 147 Upheld as Lawful Due to Sufficient Material Justifying Authority's Belief.

January 9, 2020

Case Laws     Income Tax     HC

Reopening of assessment u/s 147 - Validity of reasons to believe - there was sufficient material available before the authority concerned for initiating a proceeding under Section 147 of the I.T. Act and the same cannot be held to be bad in law

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