Reassessment by placing mere reliance on investigation by Enforcement Directorate was unjustified; SLP dismissed

INCOME TAX : SLP dismissed against High Court ruling that reopening of assessment on basis of investigation conducted by Enforcement Directorate, without Assessing Officer making any independent inquiry himself to hold that assessee had paid bribe to Iraqi officials and therefore same was required to be added to income of assessee was not justified

from www.taxmann.com Latest Case Laws https://ift.tt/3bFtiyS