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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Reopening of assessment - AO must have some tangible material ...


Assessing Officer Needs Tangible Material to Reopen Income Tax Assessment for Escaped Income.

August 10, 2016

Case Laws     Income Tax     HC

Reopening of assessment - AO must have some tangible material having live link with the escapement of the income on the basis of which he can form a bonafide belief of escapement of income chargeable to tax - HC

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