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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Reopening of assessment - reason to believe that income on ...


Court Rules Reassessment Valid: Lack of Mention in Order Doesn't Mean Non-Consideration of Escaped Income.

May 5, 2018

Case Laws     Income Tax     HC

Reopening of assessment - reason to believe that income on account of EDC had escaped assessment - there would be no occasion for the petitioner to argue that merely because the said issue has not been discussed in the assessment order, it will not mean that it was not considered. - HC

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