Change of Opinion is not reason to believe that Income chargeable to tax has escaped Assessment u/s 143(3) of Income tax act: Bombay HC [Read Order]
Change of opinion is not reasons to believe that income chargeable to tax has escaped assessment u/s 143(3) of Income Tax Act, rules Bombay HC
By Kalyani B. Nair - On January 24, 2024 2:50 pm - 2 mins read
In a recent decision the Bombay High Court ruled that the change of opinion is not reason to believe that income chargeable to tax has escaped assessment under Section 143(3) of the Income Tax Act, 1961. The petitioner is engaged in the business of real estate development and construction. For Assessment Year 2018-2019 petitioner filed…
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