Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Reassessment u/s 147 - the reasons as they stand should be sufficient to show that on the reasons recorded the AO could have formed the belief that income chargeable to tax has escaped assessment. Once that requirement is fulfilled same can clarify and explain in the affidavit-in-reply and the appraisal report reveals that there was sufficient material for the AO to form the belief - No infirmity in notice u/s 148
Reassessment u/s 147 - the reasons as they stand should be sufficient to show that on the reasons recorded the AO could have formed the belief that income chargeable to tax has escaped assessment. Once that requirement is fulfilled same can clarify and explain in the affidavit-in-reply and the appraisal report reveals that there was sufficient material for the AO to form the belief - No infirmity in notice u/s 148
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