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

Case Laws Income Tax

July 31, 2023

Reopening of assessment u/s 147 - unexplained cash credit - We fail to understand that without taking note of the quantum of income returned to tax, how could the AO have formed belief of escapement of income to the extent of cash found deposited in the bank account of the assessee. - AT

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

Case Laws Income Tax

July 31, 2023

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