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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Reopening of assessment - reason to believe recorded by the AO ...


Tax Assessment Reopening Upheld: Officer's Decision Based on Excise Department's Findings and Partner Statements in Firm Investigation.

June 3, 2016

Case Laws     Income Tax     HC

Reopening of assessment - reason to believe recorded by the AO are based on the information that was gathered by the Excise Department from the statements of the two partners of the firm during the search and the material found during further investigation - reopening upheld - HC

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