Reopening of assessment u/s 147 - Reason to believe - Addition ...

Case Laws Income Tax

November 21, 2022

Reopening of assessment u/s 147 - Reason to believe - Addition u/s.68 - unsecured loans obtained - the nexus between the alleged material, i.e. the investigation report of the CBI, and the belief of escapement of income from assessment under section 147 of the Act is missing and thus renders the reasons to be reasons to suspect for making further investigation - AO are not only vague but also lack the vital link - AT

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Reopening of assessment u/s 147 - Reason to believe - Addition ...

Case Laws Income Tax

November 21, 2022

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