Reopening of assessment u/s 147 - reason to believe - there was ...

Revenue Reopens Assessment u/s 147 Due to Incorrect Claims; Action Within Four-Year Limit.

May 21, 2020

Case Laws Income Tax AT

Reopening of assessment u/s 147 - reason to believe - there was tangible material before the AO to reopen the concluded assessment as the assessee is claiming huge exemption of income by making incomplete, untrue and wrong claim before the AO and scrutiny assessment having not been made earlier by Revenue by invoking provisions of Section 143(3) read with Section 143(2) while originally processing return of income, and reopening of the concluded assessment u/s 147 is sought to be done within four years from the end of assessment, the Revenue is within its right to reopen the concluded assessment u/s 147

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Reopening of assessment u/s 147 - reason to believe - there was ...

Revenue Reopens Assessment u/s 147 Due to Incorrect Claims; Action Within Four-Year Limit.

May 21, 2020

Case Laws Income Tax AT

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