https://www.taxtmi.com/highlights?id=49261 Reopening of assessment u/s 147 - deduction u/s 54 - allegation that thee property which was named as 'Gupta House' was actually an 'industrial plot' and not a 'residential house' - as per the Tribunal the AO did not have 'reasons to believe' that income chargeable to tax had escaped assessment - order of the ITAT set aside - HC en-us Fri, 13 Sep 2019 07:29:47 +0530 Fri, 13 Sep 2019 07:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49261 Reopening of assessment u/s 147 - deduction u/s 54 - allegation that thee property which was named as 'Gupta House' was actually an 'industrial plot' and not a 'residential house' - as per the Tribunal the AO did not have 'reasons to believe' that income chargeable to tax had escaped assessment - order of the ITAT set aside - HC Highlights Income Tax Fri, 13 Sep 2019 07:29:47 +0530 https://www.taxtmi.com/highlights?id=49261