Friday, 10 October 2014

Reassessment upheld as bogus purchases unearthed during survey weren’t subject matter of scrutiny pr

IT: Where in course of survey it was found that assessee made certain purchases under bogus bills, since occasion to consider genuineness of those purchase bills was never a subject matter of scrutiny in proceedings under section 143(3), initiation of reassessment proceedings in such a situation was justified


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