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Income Tax - Highlights / Catch Notes

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Validity of reopening of assessment u/s 147 - Reason to believe ...


Court Upholds Validity of Assessment Reopening u/s 147 for Alleged Bogus Subcontracting Expenses by Taxpayer.

November 21, 2022

Case Laws     Income Tax     AT

Validity of reopening of assessment u/s 147 - Reason to believe - AO had sufficient material to form a prima facie belief that the assessee has engaged in creating bogus subcontracting expenses in the instant set of facts, thereby leading to escapement of income - AT

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