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
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CHEZHIYAN
Published in Income Tax
Views : 73
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
