TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of HC upheld tax reassessment proceedings for AY 2009-2010, finding valid jurisdictional grounds for reopening assessment. The court determined that information about bogus loan transactions routed through tax haven entities was obtained post original assessment, justifying reopening under Section 147. The petitioner's failure to disclose material facts about circuitous fund transfers through offshore companies in Cyprus and Mauritius constituted sufficient reason for reassessment. The HC rejected challenges to reassessment, emphasizing the revenue's objective to bring escaped income to tax, and dismissed the petition challenging the reassessment notice.
TaxTMI 
TaxTMI 
