Thursday, December 12, 2019

Information obtained during assessment of earlier AY can be basis to initiate reassessment proceedings of current AY

INCOME TAX : Assessment can be reopened on basis of information obtained during course of assessment of earlier assessment year under section 143(3)

from www.taxmann.com Latest Case Laws https://ift.tt/35czOZm
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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...