Friday, April 24, 2015

[aaykarbhavan] No reassessment on same ground for which reassessment was made in prior year which was quashed



 

No reassessment on same ground for which reassessment was made in prior year which was quashed

April 25, 2015[2015] 56 taxmann.com 296 (Gujarat)/[2015] 370 ITR 30 (Gujarat)
IT : Reassessment was quashed which was initiated on ground that assessee bank, which was in liquidation due to cancellation of licence was not entitled to set off brought forward loss against income from other sources
Regards
Prarthana Jalan


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


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