Court Rules Reasons for Reopening Tax Assessment Can't Be Added Later; Initial Justification Insufficient to Support Action.

Court Rules Reasons for Reopening Tax Assessment Can't Be Added Later; Initial Justification Insufficient to Support Action. https://www.taxtmi.com/highlights?id=28991 Reopening of assessment - The reasons cannot be supplied subsequent to the recording of such reasons either in the form of an order rejecting the objections or an affidavit filed by the Revenue - The reasons also do not provide a live link to the formation of the belief that income had escaped assessment. - HC en-us Wed, 04 May 2016 09:15:29 +0530 Tue, 03 May 2016 23:25:01 +0530 TaxTMI RSS Generator Court Rules Reasons for Reopening Tax Assessment Can't Be Added Later; Initial Justification Insufficient to Support Action. https://www.taxtmi.com/highlights?id=28991 Reopening of assessment - The reasons cannot be supplied subsequent to the recording of such reasons either in the form of an order rejecting the objections or an affidavit filed by the Revenue - The reasons also do not provide a live link to the formation of the belief that income had escaped assessment. - HC Highlights Income Tax Wed, 04 May 2016 09:15:29 +0530 https://www.taxtmi.com/highlights?id=28991