Ankit Aqrochem (P.) Ltd. v. JCIT Rajasthan High Court
89 Taxmann.com 45High Court2018#2255 most cited
What is Ankit Aqrochem (P.) Ltd. v. JCIT Rajasthan High Court authority for?
An assessee cannot object to reassessment proceedings by demanding the source of information that led the Assessing Officer to believe that income had escaped assessment. Reassessment is justified when based on information from authorities like the Director of Income Tax (DIT) about bogus accommodation entries.
51
judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2018 to 2026.
Also referred to as
Ankit Aqrochem · reassessment · section 147 · section 148 · DIT information · bogus accommodation entries · share application money · source of information · escaped assessment