Saturday, April 24, 2021

Reassessment justified if AO formed opinion on basis of tangible material obtained through investigation wing

INCOME TAX : Assessing Officer is entitled to initiate reassessment proceedings on basis of tangible material which comes in his hand, which tends to expose untruthfulness of entry of purchase made in books of accounts.

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