TMI BlogTime limitation for completion of assessments - Unless there be an assessment made soon after the period...Time limitation for completion of assessments - Unless there be an assessment made soon after the period to which such assessment relates, the question of consideration of escapement would indeed become difficult to consider and examine. The Hon’ble Apex Court having regard to the return filed by the assessee along with the payment of admitted tax held that no prejudice to the assessee will be caused if the assessing authority is permitted to complete the assessment even at that stage. If no ass..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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