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 The HC held that the respondent Assessing Officer lacked jurisdiction to reopen assessment, finding the impugned show-cause notices constituted a mere fishing inquiry and were issued without material having a live nexus to the sale-deed. Information from the public domain and the DVO's valuation report were held insufficient to prima facie establish payment of on-money; the valuation report being only an opinion requiring corroborative evidence. Because the records showed the sale-deed predated the search and transactions relied upon, the notices were held to be without jurisdiction and were quashed and set aside, with consequential relief as appropriate to the petitioners.
TaxTMI 
TaxTMI 
