For initiation of Section 147 proceedings AO has to consider prima facie material not sufficiency of correctness of material

Kedar Nath Babbar Vs ACIT (Delhi High Court) The notice under Section 148 of the Act dated 28.03.2017 was issued, which was responded by the petitioner vide his communication dated 17.04.2017. The respondent thereafter served a notice under Section 142 (1) of the Act dated 12.07.2017 whereby certain information was called from the petitioner. The respondent vide communication dated 17.07.2017 asked the petitioner for the supply of reason for filing the objections. The Assessing officer vide communication dated 09.08.2017 provided the petitioner with the copy of the reasons as recorded by the A...