Reopening of assessment u/s 147 - Since the assessee was ...
Case Laws Income Tax
August 12, 2019
Reopening of assessment u/s 147 - Since the assessee was claiming purchases from the parties which were only issuing accommodation bills and were not having any stock available with them, the A.O. formed an opinion that there was escapement of income - Proper approval was taken by the AO before reopening the assessment. - notice sustained
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