Reopening of assessment valid after Inquiry suggests the Assessee is beneficiary of Accommodation Entry

Last updated: 02 September 2021

Court :
Gujarat HC

Brief :
In Bharatkumar Kalubhai Ghadiya v. Assistant Commissioner of Income Tax, Central Circle 2(3) [R/Special Civil Application No. 7743 of 2021 dated August 19, 2021], Bharatkumar Kalubhai Ghadiya ("the Petitioner") has filed the current petition seeking to quash Notice dated March 18, 2020 by Assistant Commissioner of Income Tax, Central Circle 2(3) ("the Respondent") wherein the Respondent believes that the Petitioner has escaped assessment of Income Tax chargeable under Section 147 of the Income Tax Act, 1961 ("the IT Act").

Citation :
R/Special Civil Application No. 7743 of 2021 dated August 19, 2021

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Bimal Jain

Published in Income Tax
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Reopening of assessment valid after Inquiry suggests the Assessee is beneficiary of Accommodation Entry

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