TMI BlogHigh Court Invalidates Reassessment u/s 147 Due to Lack of Clarity on Alleged Bogus Transactions by AO.Reassessment - bogus entries - The reasons recorded by the AO do not disclose the AO’s mind as to what was the nature and amount of transaction or entries - proceedings u/s 147 not valid - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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