SC: Stays re-assessment proceedings upon assessee's challenge to re-opening initiation based on investigation report

Sep 03,2019

SC issues notice to Revenue pursuant to assessee's SLP challenging Delhi HC order upholding re-assessment initiation (beyond 4 years period) citing the investigation wing report; HC had observed that “upon reading the reasons to believe as a whole the 'live link' between the material in the form of the investigation report and the formation of belief that income that has escaped assessment is prima facie discernable.”; However, HC had kept open all contentions...

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