Re-opening of assessment is not permissible for mere verification or for a fishing inquiry: High Court
Navnidhi Dyeing And Printing Mills (P.) Ltd.
[2021] 125 taxmann.com 365 (Gujarat)
Key observation by the court is reproduced hereunder :
23. As held by the Supreme Court in ...
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Posts tagged "reported in 203 ITR 456 (SC)"
Where transaction is found to be a bogus transaction on the basis of subsequent information, it cannot be said to be a disclosure of ‘full’ and ‘true’ facts: Reassessment by AO justified
Where transaction is found to be a bogus transaction on the basis of subsequent information, it cannot be said to be a disclosure of 'full' and 'true' facts: Reassessment by AO justified
Navnidhi Dyeing And Printing Mills (P.) Ltd.
[2021] 125 taxmann.com 365 (Gujarat)
Key observation ...
Read More