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Income Tax - Highlights / Catch Notes

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Reassessment u/s 147 - reopening by the AO on the basis of vague ...

Case Laws     Income Tax

May 8, 2019

Reassessment u/s 147 - reopening by the AO on the basis of vague and irrelevant information, which was indefinite and far-fetched for the formation of any belief that sale of agricultural land was chargeable to tax - reasons recorded by the AO for the belief which was formed by him failed to satisfy the mandatory requirements of section 147 - order was bad-in law

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