Reassessment based on statement of manager that Dr. shown very less amount of consultancy fees is valid: HC

INCOME TAX : Where AO issued a reopening notice against assessee doctor on ground that a statement of a manager (operations) in hospital in which assessee was practicing was recorded in which he stated that on basis of number of patients visited to assessee, income from consultation fees received by assessee from hospital practice was much more than what was shown by assessee, since impugned notice was issued after following due process of law and reason for reopening was candid and convincing,INCOME TAX : Where AO issued a reopening notice against assessee doctor on ground that a statement of a manager (operations) in hospital in which assessee was practicing was recorded in which he stated that on basis of number of patients visited to assessee, income from consultation fees received by assessee from hospital practice was much more than what was shown by assessee, since impugned notice was issued after following due process of law and reason for reopening was candid and convincing,www.taxmann.com Latest Case LawsRead More

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