Court Upholds Reopening of Tax Assessment u/s 147; Conditions of Section 149(1)(b) Are Met, Petitioner's Arguments Dismissed.

Court Upholds Reopening of Tax Assessment u/s 147; Conditions of Section 149(1)(b) Are Met, Petitioner's Arguments Dismissed. https://www.taxtmi.com/highlights?id=65647 Reopening of assessment u/s 147 - reliance on material obtained in the course of a search or a survey - the condition set out under Section 149(1)(b) is satisfied - We find no merit in the submission of the petitioner to the effect that the information available with the officer is vague, non-specific or does not relate to the Risk Management Strategy of the Department. - HC en-us Thu, 15 Sep 2022 13:42:56 +0530 Thu, 15 Sep 2022 13:42:56 +0530 TaxTMI RSS Generator Court Upholds Reopening of Tax Assessment u/s 147; Conditions of Section 149(1)(b) Are Met, Petitioner's Arguments Dismissed. https://www.taxtmi.com/highlights?id=65647 Reopening of assessment u/s 147 - reliance on material obtained in the course of a search or a survey - the condition set out under Section 149(1)(b) is satisfied - We find no merit in the submission of the petitioner to the effect that the information available with the officer is vague, non-specific or does not relate to the Risk Management Strategy of the Department. - HC Highlights Income Tax Thu, 15 Sep 2022 13:42:56 +0530 https://www.taxtmi.com/highlights?id=65647