Reopening of assessment u/s 147 - Company had no cash balance in ...

Reassessment Valid u/s 147: Company Lacked Cash for Property Purchase, Violated Cash Loan Regulations.

April 28, 2017

Case Laws Income Tax HC

Reopening of assessment u/s 147 - Company had no cash balance in the last year for the purchase of property in cash as well as the Company cannot take unsecured loan or advance from customer in cash - it cannot be said that there was no tangible material with the A.O. to form an opinion that income chargeable to tax has escaped assessment - HC

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Reopening of assessment u/s 147 - Company had no cash balance in ...

Reassessment Valid u/s 147: Company Lacked Cash for Property Purchase, Violated Cash Loan Regulations.

April 28, 2017

Case Laws Income Tax HC

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