Assessment Reopening u/s 147: Assessee's Non-compliance and Unsustainable Argument on Creditworthiness of Parties Involved.

Assessment Reopening u/s 147: Assessee's Non-compliance and Unsustainable Argument on Creditworthiness of Parties Involved. https://www.taxtmi.com/highlights?id=63379 Reopening of assessment u/s 147 - accommodation entry receipts - As regards merits of the case Assessing Officer has issued notice which had remained uncompliance with. The assessee’s plea of the assessee having no onus to prove the creditworthiness of the party is not sustainable - AT en-us Wed, 11 May 2022 13:06:00 +0530 Wed, 11 May 2022 13:06:00 +0530 TaxTMI RSS Generator Assessment Reopening u/s 147: Assessee's Non-compliance and Unsustainable Argument on Creditworthiness of Parties Involved. https://www.taxtmi.com/highlights?id=63379 Reopening of assessment u/s 147 - accommodation entry receipts - As regards merits of the case Assessing Officer has issued notice which had remained uncompliance with. The assessee’s plea of the assessee having no onus to prove the creditworthiness of the party is not sustainable - AT Highlights Income Tax Wed, 11 May 2022 13:06:00 +0530 https://www.taxtmi.com/highlights?id=63379