The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the re-assessment under section 147/148 cannot be made if the Assessing Officer has no reason to believe that the assessee The Assessing Officer re-opened the assessment against the assessee on the basis of the information got from Director of Income Tax (I&CI) that […]
The post Re-Assessment can’t be made If AO has no ‘Reason to Believe’ for escapement of Income: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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