Dismissing the petition the court held that the Assessing Officer is not required to conclusive determine escaped income at threshold stage at the time of issuing the notice under section 148 of the Act. Order and notice for reopening assessment up held. (AY. 2018-19)
Vivek Kumar(No. 2) v. ITO (2025) 476 ITR 562 (Delhi)(HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Bogus purchase-Accommodation entries Unexplained income-The Assessing Officer is not required to conclusive determine escaped income at threshold stage-Order and notice for reopening assessment up held. [S. 69, 147, 148, 148A(b), 148A(d), Art. 226]
Leave a Reply