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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Reason to believe for income escaping assessment under section ...


Income Assessment u/s 147: Substantial Reasons Confirm Income Escaped, Beyond Mere Suspicion.

August 13, 2013

Case Laws     Income Tax     HC

Reason to believe for income escaping assessment under section 147 - The reasons were such which would impel an ordinary person of reasonable prudence to hold that the income escaped assessment. Those reasons do not fall merely within the realm of 'mere suspicion' so to say. - HC

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