AO couldn't initiate reassessment forming opinion that particular payment required TDS without giving any basis: SC

INCOME TAX : SLP dismissed against impugned order of High Court holding that where in case of assessee engaged in business of real estate, Assessing Officer initiated reassessment proceedings on ground that EDC paid by assessee to Haryana Urban Development Authority (HUDA) were subject to TDS under section 194, however, he had not given any basis for forming his opinion , impugned reassessment proceedings deserved to be quashed

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