Tuesday, July 24, 2018

No reassessment just because assessee failed to disclose bank a/c if was duly submitted during assessment

IT : Where AO initiated reassessment proceedings on ground that assessee failed to disclose a bank account during assessment proceedings, in view of fact that during course of assessment proceedings assessee had submitted details of its bank accounts and, said bank account was reflected even in its balance sheet, impugned reassessment proceedings were to be set aside

from www.taxmann.com Latest Case Laws https://ift.tt/2A3pNCF

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