[aaykarbhavan] No reassessment if same issue was decided against assessee in later years unless AO had docs showing escaped income

No reassessment if same issue was decided against assessee in later years unless AO had docs showing escaped income

November 8, 2014[2014] 49 taxmann.com 385 (Hyderabad - Trib.)/[2014] 29 ITR(T) 684 (Hyderabad - Trib.)

IT : Merely because section 10B deduction was denied in subsequent assessment year, assessment could not be reopened where no fresh tangible material indicating escaped income was available

 

Regards

Prarthana Jalan

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

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