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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Reopening of assessment - mere accounting entry or even if ...


Reassessment Not Allowed for Mere Accounting Errors; Income Must Have Escaped Tax Assessment.

February 4, 2016

Case Laws     Income Tax     HC

Reopening of assessment - mere accounting entry or even if there was some defect in indicating such amount in the accounts presented by the assessee, as long as income chargeable to tax had not escaped assessment, reopening of the assessment would not be permissible - HC

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