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| The Tax Publishers2020 TaxPub(DT) 4021 (Chhattisgarh-HC) : (2020) 427 ITR 0198 INCOME TAX ACT, 1961
Section 147
There existed material to infer that income had escaped assessment under section 147 and the issuance of notices under section 148 were based on reasons legally permissible. Therefore, the reassessment notices could not be set aside.
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Reassessment - Reason to believe - Income escaping assessment -
Assessee's assessment was reopened by issuing notice under section 148 on the ground of escaped assessment. Held: There existed material to infer that income had escaped assessment under section 147 and the issuance of notices under section 148 were based on reasons legally permissible. Therefore, the reassessment notices could not be set aside.
REFERRED :
FAVOUR : Against the assessee.
A.Y. :
IN THE CHHATTISGARH HIGH COURT
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