https://www.taxtmi.com/caselaws?id=752598 A purported bogus sauda chitthi relating to an immovable property purchase at Surat raised the question whether a mere allegation of advance payment, without transfer of the property, could justify reopening on the basis of escapement of income. The Gujarat HC held that such allegation, without specific and sufficient material, did not show prima facie escapement for the relevant year. The Special Leave Petition was later dismissed for delay, with no justifiable grounds for condonation. en-us Fri, 10 May 2024 00:00:00 +0530 Tue, 14 May 2024 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752598 A purported bogus sauda chitthi relating to an immovable property purchase at Surat raised the question whether a mere allegation of advance payment, without transfer of the property, could justify reopening on the basis of escapement of income. The Gujarat HC held that such allegation, without specific and sufficient material, did not show prima facie escapement for the relevant year. The Special Leave Petition was later dismissed for delay, with no justifiable grounds for condonation. Case-Laws Income Tax Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752598