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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Reopening of assessment - validity of reasons to believe - ...


Tax Reassessment Possible with Original Record Insights; No External Source Needed, Per Investigated Facts or Material.

April 7, 2018

Case Laws     Income Tax     AT

Reopening of assessment - validity of reasons to believe - reassessment can be initiated even when the information is obtained from the record of the original assessment, investigation of the material of the record or facts disclosed thereby from an inquiry or research into facts or law - The information need not be from external source - AT

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