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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Reopening of assessment u/s 147 - Addition u/s 68 - The reasons ...


Challenge to Reopening of Assessment Under Sec 147 & Addition Under Sec 68 Due to Vague Recorded Reasons Lacks Validity.

February 29, 2020

Case Laws     Income Tax     AT

Reopening of assessment u/s 147 - Addition u/s 68 - The reasons recorded are vague, highly non specific and reflect complete non-application of mind. It is also noted that there is no live link or direct nexus between alleged material - AT

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