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Income Tax - Highlights / Catch Notes

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Reopening of assessment u/s 148 - siphoning of profits of the ...

Case Laws     Income Tax

June 25, 2021

Reopening of assessment u/s 148 - siphoning of profits of the firm - Amply clear that the plea of the Revenue that though the commission was initially paid to the agents through banking channels, it was received back in cash to be paid to the doctors, falls to ground - AT

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  10. Reopening of assessment u/s 147 - eligibility of reasons to believe - the foundation on which the AO based his belief that income chargeable to tax had escaped...

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