Section 148 Notice Requires Valid "Reason to Believe"; Transfer Pricing Orders Alone Insufficient for Reassessment.

Section 148 Notice Requires Valid "Reason to Believe"; Transfer Pricing Orders Alone Insufficient for Reassessment. https://www.taxtmi.com/highlights?id=6343 Validity of notice u/s 148 – Reason to believe - The mere fact that a transfer pricing order had led to a partially adverse order, or that in the subsequent year, the amount claimed was disallowed, does not constitute a valid basis for issuance of the notice. - HC en-us Mon, 31 Dec 2012 15:06:40 +0530 Mon, 31 Dec 2012 15:06:40 +0530 TaxTMI RSS Generator Section 148 Notice Requires Valid "Reason to Believe"; Transfer Pricing Orders Alone Insufficient for Reassessment. https://www.taxtmi.com/highlights?id=6343 Validity of notice u/s 148 – Reason to believe - The mere fact that a transfer pricing order had led to a partially adverse order, or that in the subsequent year, the amount claimed was disallowed, does not constitute a valid basis for issuance of the notice. - HC Highlights Income Tax Mon, 31 Dec 2012 15:06:40 +0530 https://www.taxtmi.com/highlights?id=6343