Thursday, December 3, 2020

Assessment which attained finality couldn’t be disturbed where no incriminating material was unearthed during search

INCOME TAX : Where no incriminating material in respect of an earlier assessment year for which assessment had already attained finality was unearthed during course of proceedings under section 153A, Assessing Officer while completing assessment under said section could not disturb completed assessment of assessee in respect of such earlier assessment year

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000196255/assessment-which-attained-finality-couldn’t-be-disturbed-where-no-incriminating-material-was-unearthed-during-search.aspx

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

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