[aaykarbhavan] No reassessment by AO to deny sec. 36(1)(viii) relief on basis of material considered during original assessment

No reassessment by AO to deny sec. 36(1)(viii) relief on basis of material considered during original assessment

August 28, 2014[2014] 48 taxmann.com 28 (Bombay)

IT: Where Assessing Officer allowed assessee's claim for deduction under section 36(1)(viii) in assessment framed under section 143(3), subsequently on basis of same material on record, he could not initiate reassessment proceedings taking a view that excess benefit was granted to assessee in terms of provisions of Act

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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