INCOME TAX : Where reopening proceedings had been initiated by Assessing Officer after deriving at a satisfaction that assessee-company was involved as a medium for circuitous transaction of rotation of undisclosed income of directors of certain companies, with independent application of mind and also recording reasons in writing, Court was not inclined to entertain writ petition challenging reopening noticeINCOME TAX : Where reopening proceedings had been initiated by Assessing Officer after deriving at a satisfaction that assessee-company was involved as a medium for circuitous transaction of rotation of undisclosed income of directors of certain companies, with independent application of mind and also recording reasons in writing, Court was not inclined to entertain writ petition challenging reopening noticewww.taxmann.com Latest Case LawsRead More
