10 results for “reassessment u/s 147”+ Section 57clear
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In the result both the appeal of the Revenue and the cross objections of the assessee stands partly allowed
Bench: Shri P.M. Jagtap, Hon’Ble V.P (Kz) & Shri A. T. Varkey, Jm]
147 of the Act in relation to the same sale proceeds received in the bank account. And pursuant to the re-opening, in the reassessment order passed u/s 147/143(3) dated 24-12-2018, the AO’s predecessor had recorded a categorical finding that the receipts pertained to sale of investments which had been verified by him. There