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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Validity of reassessment proceedings u/s 147 - On the basis of ...


Assessing Officer Can Reopen Tax Assessments Using New Judicial Decisions as 'Information' u/s 147.

January 27, 2014

Case Laws     Income Tax     AT

Validity of reassessment proceedings u/s 147 - On the basis of any recent judicial decision which subsequently comes to the knowledge of the AO, the AO can reopen the assessment based on such 'information' - AT

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