https://www.taxtmi.com/caselaws?id=467605 Tangible AIR information showing a registered property transaction, together with non-filing of a return, was treated as sufficient basis to form a belief that income had escaped assessment, so the reopening under sections 147 and 148 was upheld. The assessment made in the name of a company struck off from the register was also sustained, because striking off under the Companies Act, 2013 did not by itself extinguish statutory liabilities or render proceedings void. On the unexplained money addition, the absence of supporting evidence justified further verification, so the matter was remanded for fresh adjudication after giving the assessee an opportunity to produce material. en-us Tue, 18 Feb 2025 00:00:00 +0530 Wed, 25 Mar 2026 20:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467605 Tangible AIR information showing a registered property transaction, together with non-filing of a return, was treated as sufficient basis to form a belief that income had escaped assessment, so the reopening under sections 147 and 148 was upheld. The assessment made in the name of a company struck off from the register was also sustained, because striking off under the Companies Act, 2013 did not by itself extinguish statutory liabilities or render proceedings void. On the unexplained money addition, the absence of supporting evidence justified further verification, so the matter was remanded for fresh adjudication after giving the assessee an opportunity to produce material. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467605