Reopening of assessment u/s 147 - reason to believe - large sums ...

Reopening of Income Tax Assessment u/s 147 Due to Suspicious Cash Transactions in Retail Appliance Business.

March 11, 2023

Case Laws Income Tax HC

Reopening of assessment u/s 147 - reason to believe - large sums of cash debit/credits - The Petitioner is carrying on a retail business of electronic appliances. Usually, appliances would be supplied to clients wherever required and payment would be received in cash upon delivery. Therefore, the cash deposits from various places cannot be doubted be considered suspicious transactions. - HC

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Reopening of assessment u/s 147 - reason to believe - large sums ...

Reopening of Income Tax Assessment u/s 147 Due to Suspicious Cash Transactions in Retail Appliance Business.

March 11, 2023

Case Laws Income Tax HC

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