Change of Opinion does not Constitute Justification to Believe Escapement of Income: Bombay HC quashes Assessment Order against Knight Riders Sports [Read Order]

By Kalyani B. Nair - On October 6, 2023 10:00 pm - 2 mins read
Change of Opinion - Constitute Justification - Believe Escapement - Income-Bombay HC - Assessment Order - Knight Riders Sports-TAXSCAN

The Bombay High Court quashed assessment order against Knight Riders Sports Pvt. Ltd, the petitioner and noted that the change of opinion does not constitute justification to believe escapement of income. The petitioner is impugning a notice received under Section 148A(b) of the Income Tax Act, 1961, the order passed under Section 148A(d) of the…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader