https://www.taxtmi.com/caselaws?id=762046 The Madras HC rejected a writ petition challenging reopening of assessment under section 147 regarding income chargeable under section 5(2). The petitioner failed to establish with documentary evidence that her husband was a non-resident Indian and could not prove genuineness of sources for funds transferred from NRE account to her domestic bank account. The court declined to interfere under Article 226 when disputed questions of fact required examination and effective alternative remedy was available. The petitioner was granted liberty to file appeal within three weeks without limitation issues, subject to compliance with appeal conditions including pre-deposit requirements. en-us Wed, 30 Oct 2024 00:00:00 +0530 Fri, 22 Nov 2024 07:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762046 The Madras HC rejected a writ petition challenging reopening of assessment under section 147 regarding income chargeable under section 5(2). The petitioner failed to establish with documentary evidence that her husband was a non-resident Indian and could not prove genuineness of sources for funds transferred from NRE account to her domestic bank account. The court declined to interfere under Article 226 when disputed questions of fact required examination and effective alternative remedy was available. The petitioner was granted liberty to file appeal within three weeks without limitation issues, subject to compliance with appeal conditions including pre-deposit requirements. Case-Laws Income Tax Wed, 30 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762046