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Kusum Gupta v. Income Tax Officer Case by Avar Lamba is a document available to read on EtoBox.

What is Kusum Gupta v. Income Tax Officer Case about?

The petitioner challenged a reassessment notice and order for assessment year 2013-14 on the grounds that it was time barred and not based on valid information. The court held that since the income escaping assessment was over Rs. 50 lakhs, the reassessment was not time barred. Further, while the petitioner was informed of the basis being bogus long term capital gains from trading in a penny stock, the detailed investigation report was not provided, denying the petitioner a chance to respond. Therefore, the

Author

Avar Lamba

Language

EN