Case Law Details
Case Name : Mohammed Mannan Abdul Vs. ITO (ITAT Hyderabad)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Hyderabad
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Mohammed Mannan Abdul Vs. ITO (ITAT Hyderabad)
Assessee filed his return of income declaring total income of Rs.1,08,500/-. The assessment has been subsequently reopened u/s.147 on the basis of the reasons recorded for reopening, as per which, information available with the Dept shows that the assessee had entered into an agreement of sale for purchase of commercial space for a consideration of Rs.75,67,000/- & paid entire amount, out of the above Rs.59,22,000/- paid in cash. 148 notice was issued & served on the assessee. in response, assessee filed return of incom...
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Author Bio
I am holder of NSS1987. Iwant to continue with this scheme.Am I eligible to continue?