Monday, March 9, 2020

Reopening of case just on any hypothesis or contingency which may emerge in future is unjustified

INCOME TAX : Reopening of assessment could be made only when Assessing Officer has a reason which is present in his mind when he forms his reason to believe that income has escaped assessment; assessment cannot be reopened under section 148 on any hypothesis or contingency that may emerge in future

from www.taxmann.com Latest Case Laws https://ift.tt/2TVcc7o
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