Thursday, December 31, 2020

No reassessment proceedings beyond 4 years merely on basis of audit objections : Madras HC

INCOME TAX : Where there was no failure on part of assessee and it had disclosed relevant facts, merely on basis of audit objection or change of opinion, reassessment could not be made beyond period of four years from end of relevant assessment year

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