https://www.taxtmi.com/caselaws?id=781675 ITAT held the reopening under s.147/148 valid: AO's prima facie opinion formed after incomplete s.148A(b)/(d) proceedings justified issuance of notice within the six-year period under s.149(1)(b) due to escapement exceeding Rs.50 lakh. The assessee was not eligible for presumptive taxation under s.44AD. On merits the tribunal treated Rs.5,78,433 as gross receipts, allowed Rs.1,00,000 as expenses, credited the assessee's offered income of Rs.86,765, and confirmed an addition of Rs.3,91,668. en-us Fri, 03 Oct 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781675 ITAT held the reopening under s.147/148 valid: AO's prima facie opinion formed after incomplete s.148A(b)/(d) proceedings justified issuance of notice within the six-year period under s.149(1)(b) due to escapement exceeding Rs.50 lakh. The assessee was not eligible for presumptive taxation under s.44AD. On merits the tribunal treated Rs.5,78,433 as gross receipts, allowed Rs.1,00,000 as expenses, credited the assessee's offered income of Rs.86,765, and confirmed an addition of Rs.3,91,668. Case-Laws Income Tax Fri, 03 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781675