VALIDITY OF REASSESSMENT PROCEEDINGS INITIATED UNDER SECTION
Last updated: 12 September 2008
Court :
IN THE HIGH COURT OF PUNJAB & HARYANA
Brief :
The basis for initiating the reassessment proceedings is to be judged solely on the basis of reasons recorded by the AO and the material and information referred to by him in the reasons for initiating such action; the formation of the belief of the AO is a prima facie belief on the date when he initiated the reassessment proceedings, it is not necessary that AO must establish the factum of concealment/escapement of income on the date of initiation of the reassessment proceedings itself.
Citation :
Sardarni Uttam Kaur Educational Society
v
CIT
ITA Nos. 266 to 270 of 2007
July 2, 2008
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CHEZHIYAN
Published in Income Tax
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