Saturday, October 18, 2014

[aaykarbhavan] No reassessment to change head of income if nature of income was duly scrutinized during assessment



No reassessment to change head of income if nature of income was duly scrutinized during assessment

October 18, 2014[2014] 49 taxmann.com 212 (Gujarat)
IT : Where after scrutiny Assessing Officer treated a certain sum as capital gain, he could not treat said sum as business income by resorting to re-assessment
 
Regards
Prarthana Jalan


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


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