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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Reopening of the assessment - The assessee is not an enemy. The ...

Case Laws     Income Tax

August 1, 2015

Reopening of the assessment - The assessee is not an enemy. The attitude of the revenue seems to be that the assessee has to be taxed and to achieve that object, fair play could be jettisoned. The revenue is certainly expected to ensure that every paisa due to the State is collected but the same has to be only in accordance with law and in compliance with rules of fair play. - HC

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