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Income Tax - Highlights / Catch Notes

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Validity of reopening of assessment - accommodation entries - ...


Reopening of Assessment Invalid: Assessing Officer's Reasons Failed to Meet Section 147(1) Requirements on Income Escape.

June 3, 2016

Case Laws     Income Tax     HC

Validity of reopening of assessment - accommodation entries - the reasons to believe as recorded by the AO did not satisfy the requirement of Section 147(1)as regards the formation of opinion that the income of the Assessee had escaped assessment. - HC

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