Tag Archives: section 147 income tax

To reopen Assessment of 143(1) intimations , ‘reason to believe’ is must : HC

By | May 6, 2019

It is a settled position in law that the Assessing Officer acquires jurisdiction to issue a re-opening notice only when he has reason to believe that income chargeable to tax has escaped Assessment. This basic condition precedent is applicable whether the return of income was processed under Section 143(1) of the Act by intimation or… Read More »