Court Quashes Section 147 Proceedings, Citing Lack of Valid Basis for Belief in Escaped Income Assessment.

Court Quashes Section 147 Proceedings, Citing Lack of Valid Basis for Belief in Escaped Income Assessment. https://www.taxtmi.com/highlights?id=4425 Quashing the initiating proceedings u/s. 147 - no basis for the Assessing Officers to form a belief that income has escaped assessment - HC en-us Mon, 16 Jul 2012 22:01:12 +0530 Mon, 16 Jul 2012 22:01:12 +0530 TaxTMI RSS Generator Court Quashes Section 147 Proceedings, Citing Lack of Valid Basis for Belief in Escaped Income Assessment. https://www.taxtmi.com/highlights?id=4425 Quashing the initiating proceedings u/s. 147 - no basis for the Assessing Officers to form a belief that income has escaped assessment - HC Highlights Income Tax Mon, 16 Jul 2012 22:01:12 +0530 https://www.taxtmi.com/highlights?id=4425