Reassessment Allowed u/s 147 of Income Tax Act if AO Believes Income Escaped, Even Without Initial Scrutiny.

Reassessment Allowed u/s 147 of Income Tax Act if AO Believes Income Escaped, Even Without Initial Scrutiny. https://www.taxtmi.com/highlights?id=49117 Reopening of assessment u/s 147 - re-assessment even if in case where return was not scrutinized before the income chargeable to tax has escaped before acceptance originally cannot restore unless the A.O. has reason to believe that the income chargeable to tax has escaped. - HC en-us Thu, 05 Sep 2019 07:32:29 +0530 Thu, 05 Sep 2019 07:32:29 +0530 TaxTMI RSS Generator Reassessment Allowed u/s 147 of Income Tax Act if AO Believes Income Escaped, Even Without Initial Scrutiny. https://www.taxtmi.com/highlights?id=49117 Reopening of assessment u/s 147 - re-assessment even if in case where return was not scrutinized before the income chargeable to tax has escaped before acceptance originally cannot restore unless the A.O. has reason to believe that the income chargeable to tax has escaped. - HC Highlights Income Tax Thu, 05 Sep 2019 07:32:29 +0530 https://www.taxtmi.com/highlights?id=49117