Reopening Assessments Requires Evidence of Income Escape, Not Just Expense Verification

Reopening Assessments Requires Evidence of Income Escape, Not Just Expense Verification - Avoid Fishing Inquiries. https://www.taxtmi.com/highlights?id=18265 An assessment cannot be reopened merely to verify the genuineness of the expenses as that would amount to an impermissible fishing or rowing enquiry without any tangible material to show escapement of income - HC en-us Tue, 22 Apr 2014 06:32:49 +0530 Tue, 22 Apr 2014 06:32:49 +0530 TaxTMI RSS Generator Reopening Assessments Requires Evidence of Income Escape, Not Just Expense Verification - Avoid Fishing Inquiries. https://www.taxtmi.com/highlights?id=18265 An assessment cannot be reopened merely to verify the genuineness of the expenses as that would amount to an impermissible fishing or rowing enquiry without any tangible material to show escapement of income - HC Highlights Income Tax Tue, 22 Apr 2014 06:32:49 +0530 https://www.taxtmi.com/highlights?id=18265