Friday, August 27, 2021

Reassessment initiated on statement of hospital manager that doctor didn't disclose full consultancy fees held valid

INCOME TAX : Where AO issued a reopening notice against assessee doctor on ground that a statement of a manager (operations) in hospital in which assessee was practicing was recorded in which he stated that on basis of number of patients visited to assessee, income from consultation fees received by assessee from hospital practice was much more than what was shown by assessee, since impugned notice was issued after following due process of law and reason for reopening was candid and convincing,

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