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Income Tax - Highlights / Catch Notes

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Reopening of the assessment u/s 147 – failure to take steps u/s ...


High Court affirms Assessing Officer's power to initiate reassessment u/s 147 despite intimation u/s 143(1).

July 22, 2013

Case Laws     Income Tax     HC

Reopening of the assessment u/s 147 – failure to take steps u/s 143(3) will not render the Assessing Officer powerless to initiate reassessment proceedings even when intimation u/s 143(1) had been issued - HC

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