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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Reassessment u/s 147 - in statement name of the assessee also ...


Reassessment Upheld: Assessee Linked to Bogus Accommodation Entries via Tangible Evidence u/s 147.

June 3, 2019

Case Laws     Income Tax     AT

Reassessment u/s 147 - in statement name of the assessee also found mentioned in the list of beneficiaries of bogus accommodation entries - information received by the AO from DGIT(inv.) is tangible incriminating information coming into possession, which has live link with formation of prima facie belief that income of the assessee has escaped assessment - uphold the reopening of the assessment

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