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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Reassessment u/s 147 - the reasons for initiation of the ...

Case Laws     Income Tax

March 27, 2018

Reassessment u/s 147 - the reasons for initiation of the proceedings as assigned by the Respondent-Assessing Authority, prima facie, indicates that the Assessing Authority had sufficient and reasonable reasons to initiate such proceedings - petition dismissed as premature - HC

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  9. The Delhi High Court examined the validity of reassessment proceedings u/s 147 after a four-year lapse. The court emphasized the requirement of "reasons to believe" for...

  10. Reopening of assessment u/s 147 v/s assessment u/s 153C - proceedings initiated u/s 132 - The correct course of reassessment is under section 153C not under section 147...

  11. Reopening of assessment u/s 147 - Eligibility of reasons to believe - Entire recording of reasons to believe formed by the Assessing Officer were produced before the...

  12. Validity of reopening of assessment u/s 147 - Addition u/s 68 - The function of the assessing authority at this stage is to administer the statute and what is required...

  13. Validity of Reopening of assessment u/s 147 - eligibility of reasons to believe - initiation of reassessment proceedings u/s.147 of the Act, issuance of notice u/s.147...

  14. Reopening of assessment u/s 147 - The requirement of section 147 of the Act is the Assessing Officer has reason to believe that income chargeable to tax has escaped...

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