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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Reopening of assessment u/s 147 – the subsidy was treated as a ...


High Court sets aside Section 148 notice on subsidy treatment as capital receipt u/s 263 for 2003-2004.

September 9, 2014

Case Laws     Income Tax     HC

Reopening of assessment u/s 147 – the subsidy was treated as a capital receipt in Section 263 proceedings for the AY 2003-2004 was within the knowledge of the department - notice issued u/s 148 set aside - HC

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