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Case Law Details

Case Name : Royal Western India Turf Club Vs PCIT (ITAT Mumbai)
Related Assessment Year : 2011-12
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Royal Western India Turf Club Vs PCIT (ITAT Mumbai)

Undisputedly, the original assessment in case of the assessee was completed under section 143(3) of the Act on 06-02-2014. Subsequently, the assessment was reopened under section 147 of the Act and notice under section 148 of the Act was issued to the assessee on 26-03-2018. The reason recorded for reopening of assessment under section 147 of the Act, a copy of which is at page 40 of the paper book, would reveal that for assessing the escaped income of Rs.2,00,50,000/- bein

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