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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Limitation u/s 149 – Violation of section 150(1) – As per the ...


Tax Assessments: Six-Year Limit on Reopening Ensures Fairness and Timeliness u/s 149(1) of Income Tax Act.

November 18, 2013

Case Laws     Income Tax     AT

Limitation u/s 149 – Violation of section 150(1) – As per the provisions of sec. 149(1), no assessment can be reopened beyond a period of 6 years from the end of the relevant assessment year. - AT

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