3 results for “reassessment u/s 147”+ Section 153(3)clear
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Bench: SH. KUL BHARAT, VICE PRESIDENT AND SH. NIKHIL CHOUDHARY (Accountant Member)
147 is purely based on AIR-reported bank deposits without any independent verification or tangible evidence. This amounts to a borrowed satisfaction, which has been consistently held by judicial forums (including Harmeet Singh vs. ITO) as invalid and unsustainable in law. 5. Addition of ₹31,24,799/- as Income is Arbitrary and Unjust The entire cash deposit has been wrongly