Assessment Reopening Justified for Non-Reported Royalty Income; Tax Deduction Doesn't Prove No Income Escapement.

Reopening of assessment - non-reporting of the receipt of income on account of royalty is a valid ground for the Ld. AO to propose the reopening of the assessment, and it cannot be said that there was no escapement of income merely because tax was deducted at source on such income. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X