Validity of reopening of assessment - AO has merely proceeded on ...

Court Invalidates Reopened Tax Assessment; AO's Suspicion Doesn't Meet "Reason to Believe" Standard u/s 147.

September 12, 2012

Case Laws Income Tax AT

Validity of reopening of assessment - AO has merely proceeded on surmises, conjectures and suspicion to observe that income of the assessee has escaped assessment which in law cannot constitute a reason to believe for invoking section 147. - AT

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Validity of reopening of assessment - AO has merely proceeded on ...

Court Invalidates Reopened Tax Assessment; AO's Suspicion Doesn't Meet "Reason to Believe" Standard u/s 147.

September 12, 2012

Case Laws Income Tax AT

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