Thursday, March 7, 2019

AO was required to access address of assessee mentioned in last ITR; reassessment notice on old address not valid

IT : In terms of Rule 127, when Assessing Officer issues reassessment notice, he is under a duty to access available PAN data base of addressee or address available in last income return filed by addressee

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

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...