Search Results Page

Search Results

1 - 10 of 12 (0.29 seconds)

Indian Oil Corporation vs Income Tax Officer, Central Circle V, ... on 8 May, 1986

Indian Oil Corpn. v ITO (1986) 159 ITR 956 (SC) Manikonda Venkata Narasimham v CIT (1960) 39 ITR 575 (AP) Adarsh Chemicals and Fertilizers v IAC (1995) 212 ITR 185 (Guj.) The provisions of section 147 empower the Assessing Officer, to reopen an assessment if he has "reason to believe" that income has escaped assessment. The important words under section 147 are 'has reason to believe' The words "reason to believe" suggests that the belief must be that of an honest and reasonable person based upon reasonable ground and that the Ld. AO may act on direct or circumstantial evidence but not without the 7 ITA No. 76/JP/2023. Smt. Bhanwari Devi, Alwar.
Supreme Court of India Cites 5 - Cited by 115 - S Mukharji - Full Document
1   2 Next