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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Reassessment u/s 147 - original assessment u/s 143(1) - material ...


Reassessment u/s 147 Upheld: Court Dismisses Writ Challenging Validity Based on Tangible Material Indicating Income Escapement.

May 6, 2019

Case Laws     Income Tax     HC

Reassessment u/s 147 - original assessment u/s 143(1) - material has been received from the Information Wing - assumption of jurisdiction in this case cannot be faulted, particularly since the respondent has, in the reasons for re-opening, cited tangible material upon which he rests his belief of escapement of income - writ dismissed

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