HomeDirect Tax‘Reason to Believe’ vs ‘Information Suggesting Escapement’: Supreme Court to Decide Core...

‘Reason to Believe’ vs ‘Information Suggesting Escapement’: Supreme Court to Decide Core Reassessment Standard Under Income Tax Act

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In a case that could redefine the contours of reassessment proceedings under the Income-tax Act, 1961, the Supreme Court of India is set to examine whether the traditional requirement of “reason to believe” has truly been replaced by the broader standard of “information suggesting escapement of income” under the amended law. The controversy arises from…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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