Reopening assessment based on assumptions of business incoherence from high-value bank entries is impermissible.
Reopening assessment based on assumptions of business incoherence from high-value bank entries is impermissible. Reopening assessment based on assumptions of business incoherence from high-value bank entries is impermissible. Issue Whether the revenue department can legally initiate reassessment proceedings under Section 148 based on assumptions that high-value bank transactions are incoherent with business activity, when all… Read More »