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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Reopening of assessment u/s 147 - There has to be some tangible ...


Reopening of Tax Assessment u/s 147 Unjustified Due to Lack of Tangible Evidence of Income Escapement.

September 2, 2014

Case Laws     Income Tax     HC

Reopening of assessment u/s 147 - There has to be some tangible material on the basis of which a reason to belief can be formed that some income had escaped assessment - the AO has failed to prove any escapement of income - HC

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