Reopening of assessment u/s 147 - unexplained cash credit u/s 68 ...

May 25, 2021

Case Laws Income Tax AT

Reopening of assessment u/s 147 - unexplained cash credit u/s 68 - AO has not formed a prima facie and independent belief in the reasons recorded that income has escaped assessment but initiated proceedings u/s 147 of the Act for carrying out the verification of facts/information qua the share premium raised by the assessee. - the proceedings u/s 147 are invalid - AT

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Reopening of assessment u/s 147 - unexplained cash credit u/s 68 ...

May 25, 2021

Case Laws Income Tax AT

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