Interpretation of section 153C - power of AO to assess the ...

High Court Clarifies: Section 153C Doesn't Allow Income Assessment Based Solely on Document Possession by Tax Authorities.

July 1, 2014

Case Laws Income Tax HC

Interpretation of section 153C - power of AO to assess the income of any other person – merely because the document evidencing the transaction was in possession of the Department, it could not have issued notice to any other person within the meaning of section 153C of the Act particularly so as to reopen the concluded issue - HC

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Interpretation of section 153C - power of AO to assess the ...

High Court Clarifies: Section 153C Doesn't Allow Income Assessment Based Solely on Document Possession by Tax Authorities.

July 1, 2014

Case Laws Income Tax HC

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