[aaykarbhavan] AO can initiate re-assessment on basis of info found in return even after issue of sec. 143(1) acknowledgement

AO can initiate re-assessment on basis of info found in return even after issue of sec. 143(1) acknowledgement

March 25, 2014[2014] 42 taxmann.com 452 (Allahabad)

IT : Normally Assessing Officer is Competent to initiate reassessment; however, on expiry of 4 years, satisfaction is to be recorded by an officer of higher rank

 

Regards

Prarthana Jalan

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