Validity of notice u/s 148 – Reason to believe - The mere fact ...

Section 148 Notice Requires Valid "Reason to Believe"; Transfer Pricing Orders Alone Insufficient for Reassessment.

December 31, 2012

Case Laws Income Tax HC

Validity of notice u/s 148 – Reason to believe - The mere fact that a transfer pricing order had led to a partially adverse order, or that in the subsequent year, the amount claimed was disallowed, does not constitute a valid basis for issuance of the notice. - HC

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Validity of notice u/s 148 – Reason to believe - The mere fact ...

Section 148 Notice Requires Valid "Reason to Believe"; Transfer Pricing Orders Alone Insufficient for Reassessment.

December 31, 2012

Case Laws Income Tax HC

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