Reopening of assessment u/s 147 - additions u/s. 68 and u/s. 69C ...

Case Laws Income Tax

March 26, 2020

Reopening of assessment u/s 147 - additions u/s. 68 and u/s. 69C - Information from the Investigation Wing(Income-tax Department) can only trigger the reasons to suspect. Then the AO to make some preliminary inquiry and collect some material which would suggest the escapement of income - AO does not satisfy the jurisdictional requirement as per the settled law - Notice issued u/s 148 quashed.

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Reopening of assessment u/s 147 - additions u/s. 68 and u/s. 69C ...

Case Laws Income Tax

March 26, 2020

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