Wednesday, August 6, 2014

[aaykarbhavan] No time-limit for assessment of income excluded from one year but included in another year; HC upholds reassessment




 

No time-limit for assessment of income excluded from one year but included in another year; HC upholds reassessment

August 6, 2014[2014] 47 taxmann.com 138 (Calcutta)
IT: Reassessment of escaped income, without any express 'finding' or 'direction' could be made under Explanation 2 to section 153 (3)
Regards
Prarthana Jalan


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


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