Friday, February 14, 2020

SLP dismissed against the HC order holding that no order u/s 153C can be passed after expiry of 6 years

INCOME TAX: Where High Court upheld Tribunal's order holding that Assessing Officer could not have initiated and passed an assessment order under section 153C for relevant assessment year as same was beyond period of six years from end of financial year in which satisfaction note was recorded by Assessing Officer, SLP filed against said order was to be dismissed

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

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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...