reassessment 147

  • Income Tax

Reopening notice u/s 148 served by affixture at a wrong address and consequent re-assessment made u/s 147/148 invalid.

In a latest judgment, ITAT Chandigarh has held that notice u/s 148 of the Income Tax Act, 1961 served upon by affixture at…

8 years ago
  • Income Tax

Mere AIR information that deposits made in bank account not indicative that income has escaped assessment u/s 147

In a recent judgment, ITAT Amritsar has upheld that the mere AIR information that deposits were made in a bank account do…

8 years ago
  • Income Tax

Reassessment proceedings cannot be resorted to only to examine the facts of a case

Reassessment proceedings cannot be resorted to only to examine the facts of a case, no matter how desirable that be unless…

8 years ago