7 results for “reassessment u/s 147”+ Section 4clear
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4,200. In view of these facts, I have reason to believe that the amount of such transactions particularly that of Rs. 5,00,000 (as mentioned above) has escaped the assessment within the meaning of the proviso to section 147 and clause (b) to Explanation 2 of this section. Submitted to the Additional Commissioner of Income- tax, Range