IT Department’s Notice u/s 131 (1A) of Income Tax Act lacked basis, No Evidence of concealed Income: Gauhati HC quashes Notice [Read Order]

The respondent has not provided any material indicating that the Assessing Authority had reasons to suspect that the petitioner concealed or was likely to conceal any income
Gauhati High Court - Income Tax Act - Income tax department - Income tax notice - taxscan

In a recent ruling, the Gauhati High Court set aside and quashed the notice issued under Section 131 (1A) of Income Tax Act, 1961 by the Income Tax department citing no evidence of concealed income. It was also observed that the conditions in Section 131(1A) were also not met by the officers. The writ petition…

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