43 results for “reassessment u/s 147”+ Section 139(4)clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
reassessment proceedings in this case were only based on presumption/ suspicion and were thus not validly initiated. 4. That having regard to the facts and circumstances of the case, the Ld. CIT (A) has erred by upholding the action of the AO that the reasons recorded by the AO without application of mind to the information available on record