Supreme Court Upholds Reassessment Notice: M.R. Shah Logistics Case (2022)

/ Finance Act, 2016, Finance Act, 2016 with Section 192, Income Declaration Scheme, Income Tax Act, 1961, Income Tax Act, 1961 with Section 147, Income Tax Act, 1961 with Section 148, Judges, Reassessment, S. Ravindra Bhat, Uday Umesh Lalit

Supreme Court Upholds Reassessment Notice: M.R. Shah Logistics Case (2022) LEGAL ISSUE: Whether a reassessment notice under Section 147 of the Income Tax Act, 1961 can be issued based on tangible material indicating income has escaped assessment, even if the assessee claims the income was declared under the Income Declaration Scheme (IDS) by another entity. […]

Supreme Court Upholds Reassessment Notice: M.R. Shah Logistics Case (2022) Read Post »