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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Validity of reopening of assessment u/s 147 - The objections of ...

Case Laws     Income Tax

January 21, 2020

Validity of reopening of assessment u/s 147 - The objections of the petitioner were dealt with on a point to point basis. - While passing the order the competent Revenue Authority found that necessary prerequisite of Section 147 that “there should be an escapement of income” stood fulfilled. The reasons recorded in that regard were found to be valid

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