Tax Opportunity for Builders & Developers- One year extension for approval of Affordable housing scheme
Mere filing of documents as proof of Identity and Bank Statement shall not prove the Creditworthiness of the applicant company: SC
Reopening is not justified where the AO after going through books of account and other documents filed before him had completed the assessments and chose not to make addition on issues raised in reasons recorded for re-opening of assessments.
Addition made by AO based on mere assumption without making any cross-verification of evidences filed by assessee is not sustainable