reasons to believe

  • Income Tax

Reopening for verification of bogus purchases-SC dismisses SLP of ITD

Reopening for verification of purchases from hawala dealer-Supreme Court dismisses SLP of the Department challenging dismissal of appeal by High…

5 years ago
  • Income Tax

Without further examining info from Investigation, AO can not conclude that income escaped assessment

AO should examined return of income and carry out initial investigation before coming to the conclusion that income has escaped…

5 years ago
  • Income Tax

High Court explains mandate of “reasons to suspect” and “reasons to believe” in Income Tax search

High Court explains mandate of "reasons to suspect" and "reasons to believe" in income tax search, quashed  warrants of authorization…

5 years ago
  • Income Tax

Reopening on the basis of alleged VDIS declaration information from CBDT quashed

Reopening on the basis of alleged VDIS declaration information from CBDT quashed when AO was not having declaration / documents…

6 years ago
  • Income Tax

Forming Opinion on assumption of incorrect facts that income has escaped assessment bad in Law

Forming Opinion on assumption of incorrect facts that income has escaped assessment. Reopening quashed as AO did not verify AIR…

6 years ago
  • Income Tax

High court orders inquiry for manipulation / back dating of reasons to believe by AO

High court orders inquiry for manipulation of reasons to believe and role of the AO. Recommends strict disciplinary action for…

6 years ago