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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Reassessment - there is a distinction between the ‘power of ...


High Court Dismisses Petition; Clarifies Difference Between 'Review' and 'Re-assessment' in Income Tax Law.

April 4, 2014

Case Laws     Income Tax     HC

Reassessment - there is a distinction between the ‘power of review’ and ‘power to re-assess’ - The source of information were not in possession of the AO at the time of framing assessment - petition dismissed - HC

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