Reassessment grounds: reopening allowed where information from a prescribed authority indicates non filing, understatement, or excessive claims. Amendment adds a clause to the reassessment explanation authorising reopening where no return is filed or where, based on information or documents received from the prescribed income tax authority through the statutory information sharing mechanism, the Assessing Officer determines the assessee's income exceeds the non taxable threshold or that the return understates income or claims excessive loss, deduction, allowance or relief.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reassessment grounds: reopening allowed where information from a prescribed authority indicates non filing, understatement, or excessive claims.
Amendment adds a clause to the reassessment explanation authorising reopening where no return is filed or where, based on information or documents received from the prescribed income tax authority through the statutory information sharing mechanism, the Assessing Officer determines the assessee's income exceeds the non taxable threshold or that the return understates income or claims excessive loss, deduction, allowance or relief.
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