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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Power of the AO to pass the Order - AO has no power to frame the ...


Assessing Officer Cannot Reassess Finalized Tax Year; Section 292B Offers No Support to Revenue Authority.

August 3, 2015

Case Laws     Income Tax     HC

Power of the AO to pass the Order - AO has no power to frame the assessment in respect of an AY which has already been finalised and concluded. The language of Section 292B of the Act also offers no assistance to the Revenue - HC

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