https://www.taxtmi.com/highlights?id=49855 Validity of reopening of assessment u/s 147 - source of loan given by the assessee - The sort of enquiry, if warranted, ought to have been conducted in the hands of the recipient to justify the source of the loans received and not the payer of the loan, who has given loan out of her regular books of account. en-us Wed, 23 Oct 2019 08:46:17 +0530 Wed, 23 Oct 2019 08:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49855 Validity of reopening of assessment u/s 147 - source of loan given by the assessee - The sort of enquiry, if warranted, ought to have been conducted in the hands of the recipient to justify the source of the loans received and not the payer of the loan, who has given loan out of her regular books of account. Highlights Income Tax Wed, 23 Oct 2019 08:46:17 +0530 https://www.taxtmi.com/highlights?id=49855