Reopening of assessment u/s 147 - Cash deposits in an account ...

Reopening Assessment Valid u/s 147 Due to Unreported Cash Deposits and Non-Filing of Tax Return by Assessee.

February 4, 2022

Case Laws Income Tax HC

Reopening of assessment u/s 147 - Cash deposits in an account other than a current account - The circumstance about the discovery of cash deposits against the assessee's PAN number and the circumstance that for this assessment year, the assessee chose not to file any return at all, were, sufficient as well as relevant to the formation of reason to believe. Therefore, no case is made out to interfere with the impugned notice and the impugned order. - HC

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Reopening of assessment u/s 147 - Cash deposits in an account ...

Reopening Assessment Valid u/s 147 Due to Unreported Cash Deposits and Non-Filing of Tax Return by Assessee.

February 4, 2022

Case Laws Income Tax HC

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